Freedom Broker initiated coverage on shares of Limoneira (NASDAQ:LMNR – Free Report) in a report published on Wednesday,Zacks reports. The firm issued a strong-buy rating on the stock.
Several other analysts also recently commented on the company. Weiss Ratings raised Limoneira from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 9th. Lake Street Capital decreased their target price on Limoneira from $18.00 to $16.50 and set a “buy” rating for the company in a research note on Thursday, September 10th. Zacks Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Finally, Wall Street Zen raised Limoneira from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Limoneira currently has a consensus rating of “Hold” and a consensus target price of $16.50.
View Our Latest Research Report on LMNR
Limoneira Trading Up 2.2%
Limoneira stock traded up $0.23 during midday trading on Wednesday, hitting $10.64. 81,194 shares of the stock were exchanged, compared to its average volume of 139,264. The stock has a market capitalization of $192.90 million, a PE ratio of -4.45 and a beta of 0.36. The company has a fifty day simple moving average of $12.21 and a two-hundred day simple moving average of $13.13. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 0.67. Limoneira has a 52 week low of $10.05 and a 52 week high of $15.43.
Limoneira (NASDAQ:LMNR – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.17). The firm had revenue of $43.81 million during the quarter, compared to the consensus estimate of $49.62 million. Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. Equities research analysts anticipate that Limoneira will post -0.73 EPS for the current fiscal year.
Hedge Funds Weigh In On Limoneira
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Limoneira by 5.5% in the 1st quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock valued at $222,000 after purchasing an additional 859 shares during the period. Flax Pond Capital LLC lifted its holdings in shares of Limoneira by 0.7% in the first quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock valued at $2,297,000 after purchasing an additional 1,224 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Limoneira by 14.8% during the third 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 boosted its position 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 period. Finally, Trust Co. of Vermont bought a new position in shares of Limoneira during the second quarter worth about $33,000. 64.35% of the stock is owned by institutional investors and hedge funds.
About Limoneira
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.
In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.
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