Tuesday, 15 October 2013
Monday, 14 October 2013
Amira Nature Foods Ltd
Amira Nature Foods Ltd (NYSE:ANFI) traded down 0.12% on
Tuesday, hitting $14.0132. The stock
had a trading volume of 91,744 shares. Amira Nature Foods
Ltd has a 52 week low of $6.25 and a
52 week high of $14.85. The stock’s 50-day moving average is
$11.08 and its 200-day moving
average is $8.84. The company has a market cap of $499.9
million and a P/E ratio of 19.96.
Amira Nature Foods Ltd (NYSE:ANFI) last announced its
earnings results on Monday, August 26th.
The company reported $0.21 earnings per share for the
quarter, beating the analysts’ consensus
estimate of $0.10 by $0.11. The company had revenue of
$110.30 million for the quarter, compared
to the consensus estimate of $98.84 million. Analysts expect
that Amira Nature Foods Ltd will post
$0.96 EPS for the current fiscal year.
A number of other firms have also recently commented on
ANFI. Analysts at Deutsche Bank
reiterated a buy rating on shares of Amira Nature Foods Ltd
in a research note to investors on
Wednesday, October 2nd. They now have a $15.00 price target
on the stock, up previously from
$13.00. Separately, analysts at KeyCorp raised their price
target on shares of Amira Nature Foods
Ltd from $12.00 to $15.00 in a research note to investors on
Wednesday, September 18th. They
now have a buy rating on the stock. Finally, analysts at Zacks
upgraded shares of Amira Nature
Foods Ltd from a neutral rating to an outperform rating in a
research note to investors on
Wednesday, August 28th. They now have a $9.60 price target
on the stock. Six investment analysts
have rated the stock with a buy rating, The stock currently
has a consensus rating of Buy and an
average price target of $14.52.
Amira Nature Foods Ltd. is a
provider of packaged Indian specialty rice, with sales in over 40
countries.
Amira Basmati Rice
Amira is the largest Indian privately held Basmati Rice company. Our infrastructure includes state-of-the-art milling technologies that are certified to meet world-class quality standards. A category focus on rice is well rounded through a commitment to other agro-products including pulses, sesame seeds, sugar, onion, potatoes, maize, soybean extract, edible oil, palm oil, wheat, wheat flour, rapeseed, millets and spices.
UAE food and drink sector remains promising
Amira Nature Foods looks to organics In summer 2013, United Arab Emirates-based rice
supplier Amira
Nature
Foods announced plans to set up a division to tap into the 'growing global
demand' for organic foods.
Amira Nature Foods
The Amira brand has established a reputation for fair trade practices. Quality products, honest pricing and the assurance of customer satisfaction have been the guiding philosophy to grow the brand.Production facilities across 20 acres with a capacity of 400 Metric Tonnes are located in the Basmati Rice growing belt of northern India.We have grown from 89.32USD$ in 2006-07 to 240.58 USD$ in 2008-09 Over the years, the Amira Group has earned recognition not just as an industry leader, but also for its contributions to the country’s growth and economic stability.APEDA Certificate of Merit for outstanding Contribution to Rice Exports (1995-96)Recognition as a 3 Star Export House By Ministry Of Commerce, Government Of India (2004)FIEO Award for promoting Exports (2000-2002) The driving force behind our business has been Passion for Foods and keeping the momentum go higher we are diversifying in core business like forward and backward integration ?from the procurement of seeds and organic farming initiatives through to establish first private AGRO SEZ PROJECT in Haryana.
Top Indian CEOs
Karan Chanana, CEO of Amira Nature Foods, believes that the recent decline of the rupee is more a reflection of what is happening with the U.S. dollar as opposed to any sort of decline in the fundamentals of the Indian economy.
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