Cal-Maine Foods (CALM) : 2 analysts are covering Cal-Maine Foods (CALM) and their average rating on the stock is 4, which is read as a Sell. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm BB&T Capital upgrades its rating on Cal-Maine Foods (NASDAQ:CALM). The shares have been rated Hold. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 16, 2016.
Cal-Maine Foods (NASDAQ:CALM): The stock opened at $44.25 and touched an intraday high of $44.74 on Wednesday. During the day, the stock corrected to an intraday low of $44.015, however, the bulls stepped in and pushed the price higher to close in the green at $44.72 with a gain of 0.77% for the day. The total traded volume for the day was 356,232. The stock had closed at $44.38 in the previous trading session.
Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The Companys primary business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands, such as Egg-Lands Best, Land O Lakes, Farmhouse and 4-Grain. The Company also produces, markets and distributes private label specialty shell eggs to several customers.