Limoneira Co (NASDAQ:LMNR) Stock Has Average Price Target of $16.50

Limoneira Co (NASDAQ:LMNR) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.50.

A number of analysts have commented on LMNR shares. Freedom Broker assumed coverage on Limoneira in a research report on Wednesday, November 4th. They issued a “strong-buy” rating for the company. Zacks Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Lake Street Capital cut their price target on shares of Limoneira from $18.00 to $16.50 and set a “buy” rating for the company in a report on Thursday, September 10th. Wall Street Zen raised shares of Limoneira from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. Finally, Weiss Ratings downgraded Limoneira from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th.

Institutional Trading of Limoneira

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Limoneira by 5.5% during the first quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock worth $222,000 after acquiring an additional 859 shares during the last quarter. Flax Pond Capital LLC grew its position in shares of Limoneira by 0.7% during the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock worth $2,297,000 after buying an additional 1,224 shares during the period. Russell Investments Group Ltd. grew its position in shares of Limoneira by 14.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 11,177 shares of the company’s stock worth $133,000 after buying an additional 1,437 shares during the period. 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 buying an additional 1,593 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Limoneira during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Price Performance

NASDAQ LMNR opened at $10.42 on Thursday. The stock has a 50-day simple moving average of $12.01 and a 200 day simple moving average of $13.07. Limoneira has a twelve month low of $10.05 and a twelve month high of $15.43. The stock has a market capitalization of $188.91 million, a PE ratio of -4.36 and a beta of 0.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 1.51.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). The business had revenue of $43.81 million for the quarter, compared to analyst estimates of $49.62 million. Limoneira had a negative return on equity of 13.91% and a negative net margin of 33.03%. Research analysts anticipate that Limoneira will post -0.73 EPS for the current year.

Limoneira Company Profile

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.