Alico (NASDAQ:ALCO) Stock Rating Upgraded by Freedom Capital

Alico (NASDAQ:ALCO) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

ALCO has been the subject of a number of other research reports. Weiss Ratings raised Alico from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday. Wall Street Zen raised Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $45.00.

Alico Price Performance

NASDAQ ALCO opened at $41.58 on Tuesday. The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $308.36 million, a PE ratio of 189.01 and a beta of 0.91. Alico has a 12-month low of $31.32 and a 12-month high of $45.01. The company has a 50 day moving average price of $40.26 and a two-hundred day moving average price of $40.76.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $1.03. Alico had a net margin of 8.98% and a negative return on equity of 20.68%. The business had revenue of $9.04 million for the quarter, compared to the consensus estimate of $2.75 million. As a group, equities analysts predict that Alico will post -3.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALCO. Raymond James Financial Inc. acquired a new position in Alico during the 2nd quarter worth $28,000. BNP Paribas Financial Markets grew its position in shares of Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Alico in the first quarter worth about $43,000. Osaic Holdings Inc. increased its stake in shares of Alico by 24.2% in the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after purchasing an additional 314 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Alico by 792.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock worth $107,000 after purchasing an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.