Limoneira (NASDAQ:LMNR – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.
Other research analysts have also issued reports about the stock. Lake Street Capital reduced 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. Finally, HC Wainwright downgraded Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Three equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.00.
View Our Latest Stock Report on Limoneira
Limoneira Price Performance
Limoneira (NASDAQ:LMNR – Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.08). Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. The firm had revenue of $23.93 million for the quarter, compared to analyst estimates of $21.42 million. On average, research analysts expect that Limoneira will post -0.45 EPS for the current year.
Hedge Funds Weigh In On Limoneira
Several large investors have recently bought and sold shares of LMNR. BlackRock Inc. acquired a new stake in shares of Limoneira in the 2nd quarter worth approximately $15,065,000. First Wilshire Securities Management Inc. increased its stake in shares of Limoneira by 122.2% during 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. Geode Capital Management LLC increased its stake in shares of Limoneira by 5.6% during the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after acquiring an additional 20,913 shares during the period. Gamco Investors INC. ET AL raised its holdings in Limoneira by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock worth $3,935,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Riverwater Partners LLC raised its holdings in Limoneira by 7.1% during the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock worth $3,301,000 after purchasing an additional 17,422 shares in the last quarter. 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.
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