Limoneira Co (NASDAQ:LMNR) Receives $18.00 Consensus PT from Analysts

Shares of Limoneira Co (NASDAQ:LMNR) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of analysts recently weighed in on the stock. HC Wainwright cut shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th. Lake Street Capital cut their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th.

Limoneira Price Performance

Shares of Limoneira stock opened at $13.22 on Friday. 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 company’s 50-day moving average price is $12.93 and its two-hundred day moving average price is $13.37. Limoneira has a 52 week low of $11.66 and a 52 week high of $16.62. The stock has a market cap of $239.68 million, a PE ratio of -5.80 and a beta of 0.30.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) earnings per share 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 business had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. As a group, sell-side analysts anticipate that Limoneira will post -0.47 EPS for the current fiscal year.

Institutional Trading of Limoneira

A number of hedge funds have recently bought and sold shares of LMNR. Teton Advisors LLC purchased a new position in shares of Limoneira in the third quarter worth approximately $1,745,000. Peapod Lane Capital LLC lifted its position in shares of Limoneira by 44.5% in the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after purchasing an additional 64,178 shares in the last quarter. Flax Pond Capital LLC purchased a new stake in Limoneira in the 4th quarter worth approximately $2,145,000. Byrne Asset Management LLC boosted its position in Limoneira by 146.0% during the fourth quarter. Byrne Asset Management LLC now owns 12,671 shares of the company’s stock valued at $160,000 after purchasing an additional 7,520 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Limoneira by 14.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company’s stock valued at $3,760,000 after buying an additional 31,200 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

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.