Shares of Limoneira Co (NASDAQ:LMNR – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.36 and traded as high as $13.96. Limoneira shares last traded at $13.92, with a volume of 73,182 shares.
Wall Street Analyst Weigh In
LMNR has been the topic of several research analyst reports. Lake Street Capital lowered their price target on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. Finally, HC Wainwright cut Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.00.
Check Out Our Latest Stock Analysis on Limoneira
Limoneira Stock Up 0.6%
Limoneira (NASDAQ:LMNR – Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). The business had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. On average, equities analysts predict that Limoneira Co will post -0.47 earnings per share for the current year.
Institutional Investors Weigh In On Limoneira
A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in Limoneira by 64.8% during the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after buying an additional 668 shares during the last quarter. Leonteq Securities AG lifted its position in shares of Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock worth $45,000 after buying an additional 1,593 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Limoneira by 45.0% during the 4th quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock worth $123,000 after acquiring an additional 3,029 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Limoneira during the 4th quarter worth about $150,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Limoneira during the 3rd quarter valued at about $151,000. 64.35% of the stock is currently owned by institutional investors.
Limoneira Company Profile
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.
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