Analysts Set Limoneira Co (NASDAQ:LMNR) PT at $18.50

Shares of Limoneira Co (NASDAQ:LMNR) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.50.

Several analysts have issued reports on the company. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th.

Institutional Trading of Limoneira

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Wilshire Securities Management Inc. grew its stake in Limoneira by 122.2% during the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after acquiring an additional 317,872 shares in the last quarter. Geode Capital Management LLC grew its stake in Limoneira by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after acquiring an additional 20,913 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Limoneira by 7.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after acquiring an additional 21,000 shares in the last quarter. Riverwater Partners LLC grew its stake in Limoneira by 7.1% during the 4th quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock valued at $3,301,000 after acquiring an additional 17,422 shares in the last quarter. Finally, Peapod Lane Capital LLC grew its stake in Limoneira by 44.5% during the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock valued at $2,633,000 after acquiring an additional 64,178 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Price Performance

Shares of Limoneira stock opened at $12.79 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $13.09 and its two-hundred day moving average price is $13.61. Limoneira has a 52 week low of $12.20 and a 52 week high of $17.19. The stock has a market cap of $231.59 million, a PE ratio of -9.99 and a beta of 0.30.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The business had revenue of $18.21 million during the quarter, compared to the consensus estimate of $16.22 million. As a group, sell-side analysts anticipate 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.