NEW YORK (TheStreet) -- Shares of Amira Nature Foods LTD (ANFI) are up 1.15% to $15.00 in early trading on Thursday after Jefferies (JEF) raised its price target to $16.00 from $15.00, and maintained its "hold" rating.
"Notably, Amira Nature Foods suggested it is not getting any push back from retailers with respect to pricing, and is even pricing ahead of input cost inflation; the company has not seen any slowing in consumer demand, including India from macro weakness," Jefferies said in this morning's research note.
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TheStreet Ratings team rates AMIRA NATURE FOODS LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMIRA NATURE FOODS LTD (ANFI) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."