Shares of Limoneira Co (NASDAQ:LMNR – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.50.
A number of analysts have recently commented on the company. Wall Street Zen raised Limoneira from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. Zacks Research lowered shares of Limoneira from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Weiss Ratings cut shares of Limoneira from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. Freedom Broker started coverage on shares of Limoneira in a research note on Wednesday, November 4th. They issued a “strong-buy” rating for the company. Finally, Lake Street Capital cut their target price on shares of Limoneira from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, September 10th.
Check Out Our Latest Research Report on LMNR
Institutional Trading of Limoneira
Several hedge funds have recently added to or reduced their stakes in LMNR. BlackRock Inc. acquired a new stake in shares of Limoneira during the second quarter worth about $15,065,000. First Wilshire Securities Management Inc. raised 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 worth $7,758,000 after buying an additional 317,872 shares during the period. Gamco Investors INC. ET AL lifted its stake in Limoneira by 7.7% in the first 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. Flax Pond Capital LLC lifted its stake in Limoneira by 0.7% in the first 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. Finally, White Pine Capital LLC acquired a new position in shares of Limoneira in the third quarter valued at approximately $1,839,000. Institutional investors and hedge funds own 64.35% of the company’s stock.
Limoneira Stock Up 2.3%
Shares of Limoneira stock opened at $10.88 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 0.67. Limoneira has a 12 month low of $10.05 and a 12 month high of $15.43. The business has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $13.11. The stock has a market cap of $197.25 million, a PE ratio of -4.55 and a beta of 0.36.
Limoneira (NASDAQ:LMNR – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. The company had revenue of $43.81 million during the quarter, compared to the consensus estimate of $49.62 million. Research analysts predict that Limoneira will post -0.73 EPS for the current year.
About Limoneira
Limoneira Company is an agribusiness and real estate development company headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest and largest lemon producers in the United States and owns or manages agricultural land primarily in California and Arizona.
Limoneira grows, packs, markets and distributes lemons, avocados, oranges and other specialty citrus products. Its operations include orchard management, harvesting, packing and fresh-produce marketing, with products sold through retailers, foodservice providers and other commercial customers in the United States and international markets.
In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.
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