Shares of Phibro Animal Health Corp (NASDAQ:PAHC) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.67.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, April 29th. Gabelli upgraded Phibro Animal Health from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine cut Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Guggenheim restated a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of VF in a research report on Thursday, May 23rd. Finally, Barclays restated a “hold” rating on shares of Bank of Montreal in a research report on Tuesday, June 11th.
A number of large investors have recently added to or reduced their stakes in PAHC. Rhumbline Advisers increased its stake in shares of Phibro Animal Health by 19.9% during the fourth quarter. Rhumbline Advisers now owns 58,359 shares of the company’s stock worth $1,877,000 after acquiring an additional 9,699 shares during the period. Victory Capital Management Inc. increased its stake in shares of Phibro Animal Health by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 10,756 shares of the company’s stock worth $346,000 after acquiring an additional 419 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Phibro Animal Health during the fourth quarter worth about $247,000. California Public Employees Retirement System increased its stake in shares of Phibro Animal Health by 34.5% during the fourth quarter. California Public Employees Retirement System now owns 46,524 shares of the company’s stock worth $1,496,000 after acquiring an additional 11,939 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Phibro Animal Health by 12.8% during the fourth quarter. New York State Common Retirement Fund now owns 52,379 shares of the company’s stock worth $1,685,000 after acquiring an additional 5,947 shares during the period. 50.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PAHC traded up $0.15 during mid-day trading on Friday, reaching $30.51. The company had a trading volume of 90,501 shares, compared to its average volume of 160,338. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 3.41. Phibro Animal Health has a one year low of $27.32 and a one year high of $54.62. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 4.26 and a beta of 0.74. The company has a 50-day moving average price of $30.35.
Phibro Animal Health (NASDAQ:PAHC) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). Phibro Animal Health had a return on equity of 33.77% and a net margin of 8.12%. The company had revenue of $205.70 million during the quarter, compared to the consensus estimate of $214.94 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that Phibro Animal Health will post 1.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, June 4th. Phibro Animal Health’s dividend payout ratio (DPR) is presently 27.59%.
Phibro Animal Health Company Profile
Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.
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