Lamb Weston (NYSE:LW) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Lamb Weston (NYSE:LW) had its price target hoisted by equities research analysts at Jefferies Financial Group from $80.00 to $95.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 21.45% from the company’s current price.

Several other equities analysts have also weighed in on LW. TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Citigroup increased their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.25.

Lamb Weston Stock Performance

Lamb Weston stock opened at $78.22 on Tuesday. The stock has a market cap of $11.15 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. The stock has a 50 day moving average of $77.11 and a 200-day moving average of $72.83. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. On average, analysts expect that Lamb Weston will post 4.26 EPS for the current fiscal year.

Institutional Trading of Lamb Weston

Several hedge funds and other institutional investors have recently bought and sold shares of LW. City State Bank grew its stake in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Crewe Advisors LLC increased its holdings in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Lamb Weston in the third quarter valued at about $29,000. Riverview Trust Co purchased a new stake in Lamb Weston in the 3rd quarter worth $35,000. Finally, Family Firm Inc. bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.