Limoneira (NASDAQ:LMNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. “

Other research analysts have also issued reports about the stock. TheStreet raised shares of Limoneira from a “c+” rating to a “b” rating in a research report on Wednesday, April 11th. BidaskClub raised shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Limoneira has a consensus rating of “Buy” and an average target price of $27.00.

Limoneira opened at $24.53 on Tuesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.14. Limoneira has a fifty-two week low of $24.33 and a fifty-two week high of $24.33. The stock has a market cap of $343.41 million, a P/E ratio of 58.40 and a beta of 0.82.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Thursday, March 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Limoneira had a net margin of 13.85% and a return on equity of 5.27%. The company had revenue of $31.59 million for the quarter, compared to analyst estimates of $26.50 million. equities research analysts predict that Limoneira will post 0.69 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Global Alpha Capital Management Ltd. raised its position in Limoneira by 18.4% in the first quarter. Global Alpha Capital Management Ltd. now owns 939,844 shares of the company’s stock worth $22,302,000 after acquiring an additional 146,382 shares during the period. Dimensional Fund Advisors LP raised its position in Limoneira by 20.8% in the first quarter. Dimensional Fund Advisors LP now owns 265,433 shares of the company’s stock worth $6,299,000 after acquiring an additional 45,723 shares during the period. State of New Jersey Common Pension Fund D raised its position in Limoneira by 4.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 226,000 shares of the company’s stock worth $5,363,000 after acquiring an additional 10,000 shares during the period. First Wilshire Securities Management Inc. raised its position in Limoneira by 2.3% in the first quarter. First Wilshire Securities Management Inc. now owns 141,387 shares of the company’s stock worth $3,355,000 after acquiring an additional 3,126 shares during the period. Finally, Renaissance Technologies LLC raised its position in Limoneira by 12.0% in the fourth quarter. Renaissance Technologies LLC now owns 100,800 shares of the company’s stock worth $2,258,000 after acquiring an additional 10,800 shares during the period. 28.32% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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