Limoneira Co (NASDAQ:LMNR) Receives Consensus Rating of “Hold” from Analysts

Limoneira Co (NASDAQ:LMNR) has been given a consensus recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.50.

A number of research analysts have commented on LMNR shares. Zacks Research raised shares of Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th.

Limoneira Trading Up 1.9%

Shares of Limoneira stock opened at $12.10 on Wednesday. The stock has a market cap of $219.13 million, a P/E ratio of -9.45 and a beta of 0.30. The stock’s 50 day simple moving average is $12.87 and its 200-day simple moving average is $13.52. Limoneira has a 1-year low of $11.66 and a 1-year high of $17.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results 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). The firm had revenue of $23.93 million for the quarter, compared to analyst estimates of $21.42 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. Analysts predict that Limoneira will post -0.47 EPS for the current fiscal year.

Institutional Trading of Limoneira

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Limoneira by 64.8% in the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after acquiring an additional 668 shares in the last quarter. Leonteq Securities AG raised its stake in shares of Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock valued at $45,000 after acquiring an additional 1,593 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Limoneira by 45.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock valued at $123,000 after acquiring an additional 3,029 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Limoneira in the fourth quarter valued at approximately $150,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Limoneira in the third quarter valued at approximately $151,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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.