Brokerages Set Limoneira Co (NASDAQ:LMNR) Target Price at $18.50

Limoneira Co (NASDAQ:LMNR) has been given an average rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.50.

A number of brokerages have recently issued reports on LMNR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Lake Street Capital began coverage on Limoneira in a research report on Wednesday, December 31st. They set a “buy” rating and a $19.00 target price on the stock.

Institutional Investors Weigh In On Limoneira

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Limoneira by 64.8% in the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after buying an additional 668 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Limoneira by 3.8% during the second quarter. American Century Companies Inc. now owns 36,690 shares of the company’s stock valued at $574,000 after buying an additional 1,359 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Limoneira by 5.7% during the third quarter. Russell Investments Group Ltd. now owns 25,614 shares of the company’s stock valued at $380,000 after buying an additional 1,380 shares during the last quarter. CWM LLC increased its position in shares of Limoneira by 144.3% in the 3rd quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after acquiring an additional 1,447 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Limoneira by 3.3% in the 4th quarter. Advisors Asset Management Inc. now owns 56,794 shares of the company’s stock valued at $717,000 after acquiring an additional 1,814 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Stock Performance

LMNR stock opened at $12.79 on Tuesday. Limoneira has a one year low of $12.20 and a one year high of $17.19. The firm has a market cap of $231.63 million, a price-to-earnings ratio of -9.99 and a beta of 0.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a 50-day simple moving average of $13.52 and a two-hundred day simple moving average of $13.85.

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