Phibro Animal Health (NASDAQ:PAHC) Stock Price Crosses Above 50-Day Moving Average of $16.39

Phibro Animal Health Co. (NASDAQ:PAHCGet Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $16.39 and traded as high as $17.66. Phibro Animal Health shares last traded at $17.48, with a volume of 71,982 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PAHC shares. Barclays boosted their target price on Phibro Animal Health from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. StockNews.com raised Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.75.

View Our Latest Analysis on Phibro Animal Health

Phibro Animal Health Stock Up 1.5 %

The company has a 50 day simple moving average of $16.57 and a two-hundred day simple moving average of $13.55. The company has a quick ratio of 1.67, a current ratio of 3.16 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $718.47 million, a P/E ratio of 55.44, a PEG ratio of 5.79 and a beta of 0.59.

Phibro Animal Health (NASDAQ:PAHCGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $263.20 million for the quarter, compared to analysts’ expectations of $251.82 million. Phibro Animal Health had a return on equity of 17.11% and a net margin of 1.32%. As a group, equities analysts predict that Phibro Animal Health Co. will post 1.13 EPS for the current year.

Phibro Animal Health Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.71%. Phibro Animal Health’s dividend payout ratio is 150.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAHC. Illinois Municipal Retirement Fund boosted its holdings in shares of Phibro Animal Health by 7.2% in the first quarter. Illinois Municipal Retirement Fund now owns 11,430 shares of the company’s stock valued at $148,000 after purchasing an additional 765 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Phibro Animal Health by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,393 shares of the company’s stock valued at $200,000 after purchasing an additional 1,063 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Phibro Animal Health by 19.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the company’s stock valued at $98,000 after purchasing an additional 1,370 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Phibro Animal Health by 65.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 3,888 shares of the company’s stock valued at $50,000 after purchasing an additional 1,531 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Phibro Animal Health in the first quarter valued at approximately $46,000. Institutional investors own 99.34% of the company’s stock.

Phibro Animal Health Company Profile

(Get Free Report)

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.

Further Reading

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