Village Farms International (NASDAQ:VFF) Downgraded to “Sell” at BidaskClub

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BidaskClub downgraded shares of Village Farms International (NASDAQ:VFF) from a hold rating to a sell rating in a research report released on Thursday, BidAskClub reports.

VFF has been the subject of several other research reports. Stifel Nicolaus lowered their price objective on shares of Village Farms International from $15.00 to $11.00 and set a buy rating for the company in a research report on Friday, August 14th. Zacks Investment Research cut shares of Village Farms International from a buy rating to a hold rating in a report on Tuesday, July 21st. Alliance Global Partners restated a buy rating and set a $14.00 target price (up previously from $10.00) on shares of Village Farms International in a report on Monday, June 8th. Raymond James set a $14.00 target price on shares of Village Farms International and gave the stock an outperform rating in a report on Tuesday, August 11th. Finally, ValuEngine upgraded shares of Village Farms International from a hold rating to a buy rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $10.96.

Shares of VFF stock traded down $0.07 during trading hours on Thursday, hitting $5.04. 1,675 shares of the company were exchanged, compared to its average volume of 878,589. The business has a 50 day moving average of $5.56 and a two-hundred day moving average of $4.50. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Village Farms International has a 52 week low of $2.07 and a 52 week high of $12.53. The company has a market capitalization of $285.96 million, a PE ratio of -31.94 and a beta of 2.50.

In related news, CEO Michael A. Degiglio sold 151,796 shares of Village Farms International stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $6.25, for a total transaction of $948,725.00. Following the sale, the chief executive officer now directly owns 9,289,753 shares of the company’s stock, valued at approximately $58,060,956.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Village Farms International by 17.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,388 shares of the company’s stock worth $59,000 after buying an additional 1,873 shares during the last quarter. Fishman Jay A Ltd. MI lifted its holdings in shares of Village Farms International by 0.3% in the second quarter. Fishman Jay A Ltd. MI now owns 591,400 shares of the company’s stock worth $2,833,000 after buying an additional 2,000 shares in the last quarter. Cambria Investment Management L.P. lifted its holdings in shares of Village Farms International by 6.3% in the second quarter. Cambria Investment Management L.P. now owns 59,636 shares of the company’s stock worth $286,000 after buying an additional 3,508 shares in the last quarter. Certified Advisory Corp increased its position in shares of Village Farms International by 76.2% in the second quarter. Certified Advisory Corp now owns 9,250 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Village Farms International by 6.2% in the fourth quarter. Bank of America Corp DE now owns 70,600 shares of the company’s stock worth $440,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors own 13.70% of the company’s stock.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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Analyst Recommendations for Village Farms International (NASDAQ:VFF)

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