Limoneira Co (NASDAQ:LMNR) Receives $18.50 Consensus Target Price from Analysts

Limoneira Co (NASDAQ:LMNR) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.50.

A number of equities analysts recently commented on the stock. Lake Street Capital assumed coverage on shares of Limoneira in a research note on Wednesday, December 31st. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th.

Limoneira Stock Performance

Shares of NASDAQ LMNR opened at $13.01 on Friday. The stock’s fifty day simple moving average is $13.93 and its 200 day simple moving average is $14.06. The stock has a market capitalization of $235.61 million, a price-to-earnings ratio of -10.16 and a beta of 0.38. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. Limoneira has a 52-week low of $12.20 and a 52-week high of $17.75.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.09). Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. The company had revenue of $18.21 million for the quarter, compared to analysts’ expectations of $16.22 million.

Insider Transactions at Limoneira

In other Limoneira news, Director Scott S. Slater acquired 5,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was purchased at an average cost of $12.85 per share, for a total transaction of $64,250.00. Following the transaction, the director owned 64,447 shares of the company’s stock, valued at $828,143.95. The trade was a 8.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.17% of the company’s stock.

Institutional Trading of Limoneira

A number of hedge funds have recently made changes to their positions in LMNR. Flax Pond Capital LLC acquired a new position in Limoneira in the 4th quarter valued at approximately $2,145,000. Teton Advisors LLC purchased a new position in shares of Limoneira during the 3rd quarter valued at $1,745,000. Peapod Lane Capital LLC grew its holdings in shares of Limoneira by 44.5% during the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock valued at $2,633,000 after acquiring an additional 64,178 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Limoneira by 515.4% in the second quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after acquiring an additional 62,080 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock worth $692,000 after acquiring an additional 31,552 shares in the last quarter. 64.35% of the stock is 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.