Sanderson Farms Adds Another 4%

Shares of Sanderson Farms SAFM are up another 4% on Thursday to $44.83. The stock has jumped more than 8% in the last 5 trading days. Sanderson Farms trades at a trailing P/E of 31.41 and a forward P/E of 15.77. The median Wall Street price target on the stock is $46.50 with a high target of $57.00. Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc.