Analysts Remain Bullish on Smithfield Foods, Inc. (SFD)

Smithfield Foods, Inc. (NASDAQ:SFD) is among the consumer antiaircraft stocks to bargain according to analysts. As of December 12, Smithfield Foods, Inc. (NASDAQ:SFD) is simply a statement bargain from implicit 80% of the analysts covering the stock. With a terms people scope of $25 to $33, the median people of $29 implies 28.72% upside.

On December 9, Benjamin Theurer, an expert astatine Barclays, reaffirmed the ‘Buy’ standing connected Smithfield Foods, Inc. (NASDAQ:SFD), portion mounting a terms people of $30, which suggests an upside imaginable of astir 33% from the existent price.

Earlier, successful precocious October, Smithfield Foods, Inc. (NASDAQ:SFD) reported robust show crossed each businesses successful its third-quarter results. On the results, its President and CEO, Shane Smith, had expressed,

“I americium pleased to study that our squad delivered consistent, disciplined execution connected our strategies, which drove income maturation and grounds 3rd 4th operating nett successful a challenging environment.”

Looking ahead, Smithfield Foods, Inc. (NASDAQ:SFD) forecasted its full company-adjusted operating nett to beryllium betwixt $1,225 cardinal and $1,325 million. Additionally, the institution expected the Packaged Meats conception adjusted operating nett to beryllium successful the scope of $1,060 cardinal to $1,110 million.

Smithfield Foods, Inc. (NASDAQ:SFD) is simply a Virginia-based shaper of packaged meats and caller pork. Founded successful 1936, the institution operates arsenic a subsidiary of SFDS UK Holdings Limited.

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