Smithfield Foods (NASDAQ:SFD) Now Covered by UBS Group

Analysts at UBS Group started coverage on shares of Smithfield Foods (NASDAQ:SFD) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley assumed coverage on Smithfield Foods in a research note on Monday. They issued an “overweight” rating and a $28.00 target price on the stock. The Goldman Sachs Group assumed coverage on Smithfield Foods in a research report on Monday. They issued a “buy” rating and a $32.00 price objective on the stock. BNP Paribas began coverage on Smithfield Foods in a research report on Monday. They set a “neutral” rating and a $23.00 target price for the company. Citigroup initiated coverage on shares of Smithfield Foods in a report on Monday. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Bank of America assumed coverage on shares of Smithfield Foods in a research report on Monday. They set a “buy” rating and a $28.00 price target for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Smithfield Foods Price Performance

Shares of SFD traded up $0.36 during trading hours on Monday, reaching $21.46. 286,150 shares of the stock traded hands, compared to its average volume of 966,025. Smithfield Foods has a 52 week low of $19.10 and a 52 week high of $22.03.

Insider Transactions at Smithfield Foods

In other Smithfield Foods news, insider Tennille J. Checkovich bought 2,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $20.00 per share, with a total value of $40,000.00. Following the acquisition, the insider now directly owns 12,000 shares of the company’s stock, valued at $240,000. The trade was a 20.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Group Ltd/Adr Wh sold 2,506,936 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $20.00, for a total value of $50,138,720.00. Following the sale, the insider now owns 364,518,817 shares in the company, valued at approximately $7,290,376,340. This represents a 0.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 59,000 shares of company stock worth $1,180,000. 1.79% of the stock is owned by company insiders.

About Smithfield Foods

Smithfield Foods, Inc produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. The Company operates in four segments: Pork, Hog Production, International and Corporate, each of which consists of a number of subsidiaries, joint ventures and other investments.