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

Shares of Limoneira Co (NASDAQ:LMNR) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.00.

Several brokerages recently issued reports on LMNR. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Wednesday, June 24th. Lake Street Capital lowered their target price on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. Finally, HC Wainwright cut shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th.

Limoneira Stock Performance

Shares of NASDAQ LMNR opened at $13.22 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $13.42. Limoneira has a 52-week low of $11.66 and a 52-week high of $16.99. The stock has a market capitalization of $239.71 million, a P/E ratio of -5.80 and a beta of 0.30.

Limoneira (NASDAQ:LMNR) last issued its earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. On average, analysts anticipate that Limoneira will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Limoneira

Institutional investors and hedge funds have recently bought and sold shares of the business. First Wilshire Securities Management Inc. boosted its stake in Limoneira by 122.2% in the first quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after acquiring an additional 317,872 shares during the period. Flax Pond Capital LLC bought a new stake in shares of Limoneira in the 4th quarter worth approximately $2,145,000. Teton Advisors LLC bought a new stake in shares of Limoneira in the 3rd quarter worth approximately $1,745,000. Peapod Lane Capital LLC boosted its position in 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 purchasing an additional 64,178 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Limoneira by 515.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock valued at $1,160,000 after purchasing an additional 62,080 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

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.