Limoneira (NASDAQ:LMNR – Get Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.
Other equities analysts have also recently issued research reports about the company. Lake Street Capital lowered their target price on Limoneira from $23.00 to $19.00 in a report on Friday, March 11th. Stifel Nicolaus reduced their price objective on shares of Limoneira from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, March 14th.
LMNR stock traded down $0.30 during trading hours on Monday, reaching $13.59. 151,944 shares of the stock were exchanged, compared to its average volume of 84,415. The firm’s 50-day moving average is $12.17 and its 200-day moving average is $13.81. The company has a market cap of $240.84 million, a price-to-earnings ratio of -35.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Limoneira has a 12 month low of $10.44 and a 12 month high of $19.28.
Limoneira (NASDAQ:LMNR – Get Rating) last released its earnings results on Tuesday, June 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Limoneira had a negative return on equity of 3.01% and a negative net margin of 3.63%. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that Limoneira will post -0.15 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of LMNR. Morgan Stanley boosted its stake in shares of Limoneira by 9.0% during the 2nd quarter. Morgan Stanley now owns 103,049 shares of the company’s stock worth $1,808,000 after buying an additional 8,536 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Limoneira in the 2nd quarter valued at about $478,000. Barclays PLC lifted its stake in Limoneira by 222.9% in the 3rd quarter. Barclays PLC now owns 6,412 shares of the company’s stock valued at $104,000 after purchasing an additional 4,426 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Limoneira by 75.3% in the 3rd quarter. Goldman Sachs Group Inc. now owns 26,300 shares of the company’s stock valued at $425,000 after purchasing an additional 11,293 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Limoneira by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 248,975 shares of the company’s stock valued at $4,025,000 after purchasing an additional 1,504 shares during the last quarter. Institutional investors own 47.03% of the company’s stock.
Limoneira Company Profile (Get Rating)
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes.