Barclays Reaffirms Their Buy Rating on Smithfield Foods (SFD)

In a report released today, Benjamin Theurer from Barclays maintained a Buy rating on Smithfield Foods, with a price target of $30.00. The company’s shares closed yesterday at $22.70.

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Theurer covers the Consumer Defensive sector, focusing on stocks such as Hormel Foods, Coca Cola Femsa SAB De CV, and Pilgrim’s Pride. According to TipRanks, Theurer has an average return of 3.4% and a 47.83% success rate on recommended stocks.

Currently, the analyst consensus on Smithfield Foods is a Strong Buy with an average price target of $29.75.

The company has a one-year high of $26.07 and a one-year low of $18.43. Currently, Smithfield Foods has an average volume of 1.23M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFD in relation to earlier this year. Last month, WH Group Ltd, a Major Shareholder at SFD sold 22,461,452.00 shares for a total of $522,228,759.00.