Limoneira Co (NASDAQ:LMNR) Given Consensus Rating of “Hold” by Analysts

Shares of Limoneira Co (NASDAQ:LMNR) have been given an average rating of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.50.

LMNR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Zacks Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th.

Institutional Investors Weigh In On Limoneira

A number of institutional investors have recently added to or reduced their stakes in the stock. Flax Pond Capital LLC grew its holdings in Limoneira by 0.7% during the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock valued at $2,297,000 after buying an additional 1,224 shares in the last quarter. Bank of America Corp DE grew its holdings in Limoneira by 5.5% during the 1st quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock valued at $222,000 after buying an additional 859 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Limoneira by 91.7% during the 1st quarter. Quantinno Capital Management LP now owns 62,758 shares of the company’s stock valued at $842,000 after buying an additional 30,020 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Limoneira by 7.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after buying an additional 21,000 shares in the last quarter. Finally, First Wilshire Securities Management Inc. grew its holdings in Limoneira by 122.2% during the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after buying an additional 317,872 shares in the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Limoneira Price Performance

NASDAQ LMNR opened at $12.78 on Friday. Limoneira has a 12 month low of $12.20 and a 12 month high of $17.19. The stock has a market cap of $231.45 million, a price-to-earnings ratio of -9.98 and a beta of 0.30. The company’s 50 day moving average is $13.12 and its two-hundred day moving average is $13.63. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Limoneira (NASDAQ:LMNR) last released its earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The firm had revenue of $18.21 million for the quarter, compared to the consensus estimate of $16.22 million. As a group, research analysts anticipate that Limoneira will post -0.47 earnings per share for the current year.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.