Limoneira (NASDAQ:LMNR) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.60.
Several brokerages recently commented on LMNR. ValuEngine raised shares of Limoneira from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. National Securities began coverage on shares of Limoneira in a research note on Monday, July 22nd. They issued a “buy” rating and a $30.00 target price on the stock. TheStreet cut shares of Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target (down previously from $28.00) on shares of Limoneira in a report on Thursday, June 13th.
Several hedge funds have recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in shares of Limoneira by 3.8% during the 1st quarter. Stephens Inc. AR now owns 12,816 shares of the company’s stock valued at $302,000 after buying an additional 464 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Limoneira by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock valued at $83,000 after buying an additional 668 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Limoneira by 132,800.0% during the 2nd quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock valued at $27,000 after buying an additional 1,328 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Limoneira during the 2nd quarter valued at $41,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of Limoneira by 0.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 423,003 shares of the company’s stock valued at $8,435,000 after buying an additional 2,329 shares in the last quarter. Hedge funds and other institutional investors own 54.88% of the company’s stock.
Shares of NASDAQ LMNR traded up $0.63 during mid-day trading on Friday, hitting $19.22. The stock had a trading volume of 78,400 shares, compared to its average volume of 56,058. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.04. Limoneira has a 1 year low of $18.03 and a 1 year high of $33.42. The business has a 50 day moving average price of $19.17 and a two-hundred day moving average price of $21.38. The firm has a market cap of $330.40 million, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 4.37 and a beta of 1.08.
Limoneira (NASDAQ:LMNR) last issued its earnings results on Monday, June 10th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Limoneira had a net margin of 2.22% and a negative return on equity of 0.26%. The company had revenue of $42.04 million for the quarter, compared to the consensus estimate of $43.54 million. Equities research analysts predict that Limoneira will post 0.28 EPS for the current fiscal year.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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