Limoneira Co (NASDAQ:LMNR) Receives Consensus Rating of “Hold” from Analysts

Shares of Limoneira Co (NASDAQ:LMNR) have earned a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of analysts have weighed in on the stock. Zacks Research raised shares of Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th.

Limoneira Stock Up 1.9%

Limoneira stock opened at $12.10 on Wednesday. Limoneira has a 1-year low of $11.66 and a 1-year high of $17.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market cap of $219.13 million, a PE ratio of -9.45 and a beta of 0.30. The stock’s fifty day moving average is $12.87 and its two-hundred day moving average is $13.52.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. The business had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. On average, sell-side analysts expect that Limoneira will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Limoneira

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. acquired a new position in shares of Limoneira during the 1st quarter worth $256,000. Jane Street Group LLC acquired a new stake in shares of Limoneira in the 1st quarter worth approximately $335,000. Geode Capital Management LLC grew its holdings in shares of Limoneira by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock worth $6,226,000 after acquiring an additional 20,913 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Limoneira by 248.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock worth $692,000 after acquiring an additional 31,552 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Limoneira by 29.5% in the 2nd quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock worth $390,000 after acquiring an additional 5,682 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

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.