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

Limoneira Co (NASDAQ:LMNR) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.00.

Several equities analysts have recently commented on LMNR shares. HC Wainwright cut shares of Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Lake Street Capital lowered their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th.

Limoneira Stock Up 1.6%

Shares of NASDAQ LMNR opened at $13.78 on Monday. Limoneira has a 12-month low of $11.66 and a 12-month high of $16.44. The company has a market cap of $249.83 million, a P/E ratio of -6.04 and a beta of 0.30. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $13.50 and a 200 day moving average price of $13.34.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.08). Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. The company had revenue of $23.93 million for the quarter, compared to analysts’ expectations of $21.42 million. Research analysts anticipate that Limoneira will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Limoneira

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Wilshire Securities Management Inc. grew its stake in shares of Limoneira by 122.2% in the first quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares in the last quarter. SFE Investment Counsel bought a new stake in shares of Limoneira during the second quarter valued at about $788,000. Flax Pond Capital LLC acquired a new stake in Limoneira in the fourth quarter worth about $2,145,000. Marquette Asset Management LLC acquired a new stake in Limoneira in the second quarter worth about $608,000. Finally, Everett Harris & Co. CA bought a new position in Limoneira in the 2nd quarter valued at about $155,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Limoneira

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.