Sanderson Farms Adds 4%

Shares of Sanderson Farms

are trading around 4% higher during Monday's session. The stock is currently trading at $42.28. SAFM shares have lost a little more than 9% over the last 3 months. The stock trades at a trailing P/E of 29.40 and a forward P/E of 14.76. The median Wall Street price target on SAFM 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.