Limoneira Co (NASDAQ:LMNR – Get Free Report) has been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. One research 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 1 year target price among analysts that have covered the stock in the last year is $18.00.
Several equities analysts have recently issued reports on LMNR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th. Zacks Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. HC Wainwright lowered shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th. Finally, 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 report on Wednesday, June 10th.
Check Out Our Latest Analysis on LMNR
Limoneira Stock Performance
Limoneira (NASDAQ:LMNR – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $23.93 million during the quarter, compared to analysts’ expectations of $21.42 million. On average, analysts anticipate that Limoneira will post -0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Limoneira
Several large investors have recently made changes to their positions in the business. Flax Pond Capital LLC lifted its holdings in shares of Limoneira by 0.7% during the first quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock valued at $2,297,000 after purchasing an additional 1,224 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Limoneira by 5.5% during the first quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock valued at $222,000 after purchasing an additional 859 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Limoneira by 91.7% during the first quarter. Quantinno Capital Management LP now owns 62,758 shares of the company’s stock valued at $842,000 after purchasing an additional 30,020 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Limoneira by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after purchasing an additional 21,000 shares during the last quarter. Finally, First Wilshire Securities Management Inc. increased its position 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 in the last quarter. 64.35% of the stock is currently owned by hedge funds and other 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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