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

Limoneira Co (NASDAQ:LMNR) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.00.

Several equities analysts recently commented on LMNR shares. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research report on Wednesday, June 24th. Lake Street Capital cut their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Finally, HC Wainwright cut shares of Limoneira to a “buy” rating in a research report on Wednesday, June 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LMNR. BNP Paribas Financial Markets lifted its stake in Limoneira by 64.8% during the second 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. Leonteq Securities AG raised 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 worth $45,000 after acquiring an additional 1,593 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Limoneira by 45.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock worth $123,000 after acquiring an additional 3,029 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Limoneira during the 4th quarter valued at $150,000. Finally, Envestnet Asset Management Inc. purchased a new position in Limoneira in the 3rd quarter worth $151,000. Institutional investors own 64.35% of the company’s stock.

Limoneira Price Performance

NASDAQ:LMNR traded up $0.05 during mid-day trading on Friday, hitting $13.27. 89,659 shares of the stock traded hands, compared to its average volume of 99,942. The business’s 50-day moving average price is $12.94 and its 200 day moving average price is $13.37. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. Limoneira has a 12-month low of $11.66 and a 12-month high of $16.62. The company has a market cap of $240.61 million, a PE ratio of -5.82 and a beta of 0.30.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. The firm had revenue of $23.93 million for the quarter, compared to analysts’ expectations of $21.42 million. On average, analysts expect that Limoneira will post -0.47 EPS for the current fiscal 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.