Analysts Set Limoneira Co (NASDAQ:LMNR) PT at $18.00

Shares of Limoneira Co (NASDAQ:LMNR) have received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.00.

Several research analysts recently weighed in on LMNR shares. HC Wainwright cut shares of Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Lake Street Capital dropped their target price on shares of 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 reissued a “sell (d)” rating on shares of Limoneira in a research note on Wednesday, June 24th.

Limoneira Price Performance

NASDAQ:LMNR opened at $13.71 on Thursday. The firm has a market capitalization of $248.56 million, a price-to-earnings ratio of -6.01 and a beta of 0.30. Limoneira has a 52-week low of $11.66 and a 52-week high of $16.62. The stock has a fifty day moving average of $13.12 and a 200 day moving average of $13.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 1.68.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SFE Investment Counsel bought a new position in Limoneira in the second quarter valued at $788,000. Everett Harris & Co. CA bought a new stake in Limoneira during the second quarter worth about $155,000. Marquette Asset Management LLC purchased a new position in shares of Limoneira in the 2nd quarter worth about $608,000. Flax Pond Capital LLC boosted its holdings in shares of Limoneira by 0.7% in the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock worth $2,297,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Limoneira by 5.5% during 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 last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

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.