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

Shares of Limoneira Co (NASDAQ:LMNR) have been assigned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

LMNR has been the topic of a number of recent research reports. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LMNR. BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 668 shares during the period. CWM LLC grew its holdings in Limoneira by 144.3% during the third quarter. CWM LLC now owns 2,450 shares of the company’s stock worth $36,000 after acquiring an additional 1,447 shares during the period. Leonteq Securities AG grew its holdings in 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 during the period. MetLife Investment Management LLC grew its holdings in Limoneira by 45.0% during the fourth 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 period. Finally, EntryPoint Capital LLC acquired a new position in Limoneira during the fourth quarter worth $150,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Trading Down 2.3%

NASDAQ:LMNR opened at $13.01 on Friday. The firm has a market cap of $235.61 million, a P/E ratio of -10.16 and a beta of 0.30. 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 stock’s 50 day simple moving average is $13.19 and its 200-day simple moving average is $13.66. Limoneira has a 12-month low of $12.20 and a 12-month high of $17.19.

Limoneira (NASDAQ:LMNR) last released its earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). The company had revenue of $18.21 million during the quarter, compared to analyst estimates of $16.22 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. Equities analysts anticipate that Limoneira will post -0.47 EPS for the current 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.