Limoneira Co (NASDAQ:LMNR) Receives $20.50 Consensus Price Target from Analysts

Limoneira Co (NASDAQ:LMNR) has earned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.50.

A number of equities analysts have recently weighed in on the company. Zacks Research cut Limoneira from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 16th. Roth Capital reiterated a “buy” rating on shares of Limoneira in a report on Monday, September 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Limoneira in a report on Saturday, September 27th. Lake Street Capital upgraded Limoneira from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, June 10th. Finally, Stephens started coverage on Limoneira in a report on Friday, September 12th. They set an “equal weight” rating and a $18.00 price target for the company.

Limoneira Stock Performance

NASDAQ LMNR opened at $14.84 on Friday. The stock has a market cap of $267.86 million, a PE ratio of -26.98 and a beta of 0.43. The company has a current ratio of 1.80, a quick ratio of 1.66 and a debt-to-equity ratio of 0.35. Limoneira has a twelve month low of $14.40 and a twelve month high of $29.22. The stock has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $15.71.

Limoneira Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, October 6th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, October 6th. Limoneira’s dividend payout ratio (DPR) is -54.55%.

Hedge Funds Weigh In On Limoneira

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Limoneira by 64.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after acquiring an additional 668 shares during the period. GAMMA Investing LLC boosted its holdings in Limoneira by 1,423.4% during the 1st quarter. GAMMA Investing LLC now owns 1,630 shares of the company’s stock valued at $29,000 after acquiring an additional 1,523 shares during the period. Byrne Asset Management LLC boosted its holdings in Limoneira by 168.7% during the 1st quarter. Byrne Asset Management LLC now owns 3,869 shares of the company’s stock valued at $69,000 after acquiring an additional 2,429 shares during the period. Caption Management LLC purchased a new position in Limoneira during the 1st quarter valued at about $123,000. Finally, Walleye Capital LLC purchased a new position in Limoneira during the 2nd quarter valued at about $220,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.