Limoneira Co (NASDAQ:LMNR) Given Average Recommendation of “Hold” by Analysts

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

Several analysts have weighed in on LMNR shares. Zacks Research raised 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 report on Friday, March 27th.

Limoneira Trading Down 2.3%

Shares of LMNR stock opened at $13.01 on Friday. The business’s fifty day moving average price is $13.19 and its 200 day moving average price is $13.66. Limoneira has a 1-year low of $12.20 and a 1-year high of $17.19. The firm has a market capitalization of $235.61 million, a PE ratio of -10.16 and a beta of 0.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08.

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

Institutional Trading of Limoneira

Several large investors have recently bought and sold shares of LMNR. BNP Paribas Financial Markets raised its position in shares of Limoneira by 64.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after purchasing an additional 668 shares during the last quarter. CWM LLC boosted its stake in shares of Limoneira by 144.3% during the third quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after acquiring an additional 1,447 shares during the last quarter. Leonteq Securities AG boosted its stake in shares of Limoneira by 88.8% during the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock valued at $45,000 after acquiring an additional 1,593 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Limoneira by 45.0% during the fourth quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock valued at $123,000 after acquiring an additional 3,029 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Limoneira during the fourth quarter valued at $150,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Limoneira

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.