Phibro Animal Health Corporation (PAHC) Receives $30.33 Average PT from Brokerages

Shares of Phibro Animal Health Corporation (NASDAQ:PAHC) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.33.

Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group downgraded shares of Phibro Animal Health Corporation from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $29.00 to $36.00 in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Phibro Animal Health Corporation from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, May 11th.

In related news, Director Gerald K. Carlson sold 63,338 shares of Phibro Animal Health Corporation stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $33.31, for a total transaction of $2,109,788.78. Following the sale, the director now directly owns 50 shares in the company, valued at $1,665.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jack Bendheim sold 1,400 shares of Phibro Animal Health Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $34.04, for a total transaction of $47,656.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 367,296 shares of company stock worth $12,211,634. Company insiders own 48.09% of the company’s stock.

A number of large investors have recently modified their holdings of PAHC. Mason Street Advisors LLC boosted its stake in shares of Phibro Animal Health Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,333 shares of the company’s stock valued at $122,000 after buying an additional 286 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Phibro Animal Health Corporation by 79.2% in the first quarter. Victory Capital Management Inc. now owns 4,573 shares of the company’s stock valued at $129,000 after buying an additional 2,021 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Phibro Animal Health Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock valued at $211,000 after buying an additional 100 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Phibro Animal Health Corporation during the first quarter valued at approximately $213,000. Finally, New York State Teachers Retirement System boosted its stake in shares of Phibro Animal Health Corporation by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 7,343 shares of the company’s stock valued at $215,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 47.60% of the company’s stock.

Shares of Phibro Animal Health Corporation (NASDAQ:PAHC) traded up 3.30% during mid-day trading on Tuesday, reaching $36.00. 371,077 shares of the company were exchanged. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.36 and a beta of 1.35. Phibro Animal Health Corporation has a 12 month low of $17.96 and a 12 month high of $36.40. The company’s 50-day moving average is $33.57 and its 200 day moving average is $29.51.

Phibro Animal Health Corporation (NASDAQ:PAHC) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Phibro Animal Health Corporation had a net margin of 8.49% and a return on equity of 54.68%. The company had revenue of $190 million during the quarter, compared to the consensus estimate of $185.90 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts predict that Phibro Animal Health Corporation will post $1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, May 31st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, May 26th. Phibro Animal Health Corporation’s dividend payout ratio is currently 24.69%.

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Phibro Animal Health Corporation Company Profile

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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