Limoneira (NASDAQ:LMNR) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a report issued on Tuesday, TheStreetRatingsTable reports.
LMNR has been the topic of a number of other research reports. BidaskClub downgraded Limoneira from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Zacks Investment Research raised Limoneira from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Stephens downgraded Limoneira from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Tuesday, May 14th. Finally, Lake Street Capital set a $28.00 price target on Limoneira and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.20.
LMNR opened at $20.68 on Tuesday. Limoneira has a 12-month low of $18.07 and a 12-month high of $33.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.28 and a current ratio of 1.04. The firm has a market cap of $362.74 million, a PE ratio of 41.36, a PEG ratio of 3.89 and a beta of 1.07.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, June 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Limoneira had a negative return on equity of 0.26% and a net margin of 2.22%. The business had revenue of $42.04 million for the quarter, compared to the consensus estimate of $43.54 million. On average, equities analysts expect that Limoneira will post 0.35 EPS for the current year.
In related news, Director John W.H. Merriman sold 1,811 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total transaction of $43,626.99. Following the completion of the sale, the director now directly owns 2,011 shares in the company, valued at approximately $48,444.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,811 shares of company stock valued at $109,707 over the last 90 days. 4.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Limoneira by 757.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock worth $73,000 after purchasing an additional 2,733 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of Limoneira by 369.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after purchasing an additional 3,481 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Limoneira during the 4th quarter worth $123,000. Citigroup Inc. lifted its stake in shares of Limoneira by 149.1% during the 4th quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock worth $199,000 after purchasing an additional 6,105 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of Limoneira by 2,988.0% during the 4th quarter. Stephens Inc. AR now owns 12,352 shares of the company’s stock worth $241,000 after purchasing an additional 11,952 shares during the last quarter. Hedge funds and other institutional investors own 54.06% of the company’s stock.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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