American Farmland Co (NASDAQ:AFCO) Receives $9.50 Consensus Target Price from Analysts

American Farmland Co (NASDAQ:AFCO) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.50.

American Farmland (NASDAQ:AFCO) traded down 0.355% on Monday, reaching $7.015. The company had a trading volume of 2,498 shares. American Farmland has a one year low of $6.92 and a one year high of $7.02. The stock has a market cap of $118.48 million and a price-to-earnings ratio of 129.907. The company has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.

The firm also recently announced a special dividend, which was paid on Tuesday, December 29th. Investors of record on Tuesday, December 22nd were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, December 18th.

In other news, CEO Thomas S. T. Gimbel acquired 6,300 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were purchased at an average cost of $8.00 per share, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 6,300 shares of the company’s stock, valued at $50,400. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Geoffrey Manfred Lewis acquired 8,500 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was purchased at an average price of $7.70 per share, for a total transaction of $65,450.00. Following the completion of the transaction, the chief financial officer now directly owns 7,500 shares in the company, valued at approximately $57,750. The disclosure for this purchase can be found here.

Several research firms have recently issued reports on AFCO. Deutsche Bank began coverage on American Farmland in a research note on Monday, November 16th. They set a “buy” rating and a $9.00 price target for the company. Janney Montgomery Scott assumed coverage on American Farmland in a research note on Thursday, December 3rd. They set a “buy” rating and a $9.00 target price for the company. FBR & Co. assumed coverage on American Farmland in a research note on Monday, November 16th. They set an “outperform” rating and a $9.00 target price for the company. Oppenheimer assumed coverage on American Farmland in a research note on Monday, November 23rd. They set an “outperform” rating and a $10.00 target price for the company. Finally, RBC Capital assumed coverage on American Farmland in a research note on Monday, November 16th. They set an “outperform” rating and a $11.00 target price for the company.

12 Month Chart for NASDAQ:AFCO

American Farmland Company is a real estate company, which is focused on cropland investments located in the United States. The Company operates through four segments: Permanent Crop Segment, which produces fruits and tree nuts, such as fruits and nuts grown on trees and vines, including grapes, cranberries, apples, citrus fruit, almonds, walnuts, pistachios, cherries, figs, peaches, pears, plums and prunes; Specialty/Vegetable Row Crop Segment, which provides vegetable products, such as tomatoes, lettuce, carrots, beans, beets, cabbage, cauliflower, eggplant, onions, spinach, peas, sweet potatoes and melon crops; Commodity row crop Segment, which offers field crops, such as corn, wheat, soybean, rice, cotton, oats, rye, barley, sorghum, potatoes and hay, and Development segment, which consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch, Grassy Island Groves, Pintail Vineyards and Hawk Creek Ranch properties.

 

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