UPDATE: KeyBanc Capital Markets Initiates Coverage on Amira Nature Foods with Buy Rating, $12 PT
In a report published Monday, KeyBanc Capital Markets initiated coverage on Amira Nature Foods Ltd. (NYSE: ANFI) with a Buy rating and $12.00 price target.
KeyBanc Capital noted, “We are initiating coverage of Amira Nature Foods Ltd. (ANFI-NYSE) with a BUY rating and $12 price target. We consider ANFI a growth company with a strong return profile competing in an attractive basmati rice category that has above average growth potential. ANFI's sales and EBIT have grown at a CAGR of roughly 30% and 40%,respectively, over the last five years. Even more impressive is the fact that all of its growth has been organic.”
Amira Nature Foods Ltd. closed on Friday at $8.45.
Latest Ratings for ANFI
|Sep 2016||Jefferies||Initiates Coverage on||Buy|
|Aug 2015||BMO Capital||Downgrades||Outperform||Market Perform|
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