Farmland Partners (NYSE:FPI)‘s stock had its “hold” rating reaffirmed by Raymond James Financial in a note issued to investors on Monday.
A number of other brokerages also recently commented on FPI. Robert W. Baird downgraded shares of Farmland Partners from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Tuesday, August 15th. B. Riley reaffirmed a “hold” rating and issued a $10.00 price target on shares of Farmland Partners in a report on Monday, November 13th. Zacks Investment Research raised shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, September 19th. Stifel Nicolaus reissued a “buy” rating and issued a $9.25 price objective (down previously from $10.00) on shares of Farmland Partners in a research note on Monday, September 25th. Finally, BidaskClub raised shares of Farmland Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Farmland Partners presently has a consensus rating of “Hold” and a consensus price target of $9.96.
Farmland Partners (FPI) opened at $8.93 on Monday. Farmland Partners has a 1-year low of $8.06 and a 1-year high of $11.76. The company has a market cap of $291.04, a PE ratio of 16.07 and a beta of 0.21.
TRADEMARK VIOLATION NOTICE: This report was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/06/raymond-james-financial-reiterates-hold-rating-for-farmland-partners-fpi.html.
Farmland Partners Company Profile
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership).
Receive News & Ratings for Farmland Partners Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners Inc and related companies with MarketBeat.com's FREE daily email newsletter.