Amira Nature Foods Ltd

Amira Nature Foods Ltd Given a $21.00 Price Target at Jefferies Group (ANFI)

Jefferies Group set a $21.00 price target on Amira Nature Foods Ltd (NYSE:ANFI) in a research

note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a a

buy rating on the stock.

Jefferies Group has also modified their ratings on a number of other stocks in the few days. The firm

initiated coverage on shares of Foster Wheeler Ltd.. They issued a hold rating on that stock. Also,

Jefferies Group raised its price target on shares of Methanex Corporation to $65.00. They have a

buy rating on that stock.

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.

Basmatirice | Pure Basmati Rice | Value Basmati Rice | Premium Basmati Rice

Amira Nature Foods

Amira Nature Foods Ltd Given a $21.00 Price Target at Jefferies Group (ANFI)

Jefferies Group set a $21.00 price target on Amira Nature Foods Ltd (NYSE:ANFI) in a research

note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a a

buy rating on the stock.

Jefferies Group has also modified their ratings on a number of other stocks in the few days. The firm

initiated coverage on shares of Foster Wheeler Ltd.. They issued a hold rating on that stock. Also,

Jefferies Group raised its price target on shares of Methanex Corporation to $65.00. They have a

buy rating on that stock.

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.

Basmatirice | Pure Basmati Rice | Value Basmati Rice | Premium Basmati Rice

CEO of Amira Nature Foods

India is re-calibrating. This economy can grow again at 7%. Perception is not matching the reality. Executives have got to look through the fog,” Chanana commented.
However, some analysts, such as Alexander Muromcew, Portfolio Manager of the TIAA-CREF Emerging Markets Equity Fund, remain skeptical as to whether India can continue its positive trends – especially since the 2014 election cycle will soon be beginning.
Regardless, many other analysts such as those from the Ashmore Group believe that there are many underlying factors that still make India a good bet. A big part of this belief lies in the existence of the country’s young, and increasingly urban, population.

Read More About : India Top Most CEOs

   India has struggled as of late economically, there are signs that the future holds much
more promise for this recently embattled country. After hitting an all-time low, the rupee has risen to 63
from 68 compared to the U.S. dollar. Moreover, in recent surveys, Indian industrial production had risen by
close to 3 percent, and half of the industrial groups surveyed reported seeing a rise in their growth rates.

Read More about Indian Top  CEOS

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.