Limoneira (NASDAQ:LMNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

LMNR has been the topic of several other reports. Stifel Nicolaus assumed coverage on shares of Limoneira in a research note on Thursday, June 28th. They issued a “buy” rating and a $30.00 price target on the stock. BidaskClub upgraded shares of Limoneira from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 22nd. Stephens assumed coverage on shares of Limoneira in a research note on Monday, June 25th. They issued an “overweight” rating and a $30.00 price target on the stock. ValuEngine upgraded shares of Limoneira from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Buckingham Research increased their price target on shares of Limoneira from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, June 12th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.00.

Shares of Limoneira stock opened at $29.77 on Wednesday. The company has a market capitalization of $530.08 million, a price-to-earnings ratio of 70.88, a P/E/G ratio of 2.95 and a beta of 0.86. Limoneira has a 52 week low of $19.62 and a 52 week high of $30.24. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.90 and a current ratio of 0.98.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Monday, June 11th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $43.14 million for the quarter, compared to analyst estimates of $41.70 million. Limoneira had a net margin of 15.53% and a return on equity of 7.15%. analysts anticipate that Limoneira will post 0.68 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northpointe Capital LLC purchased a new position in shares of Limoneira during the second quarter worth approximately $3,156,000. State of New Jersey Common Pension Fund D grew its position in shares of Limoneira by 4.6% during 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 last quarter. Chicago Equity Partners LLC purchased a new position in shares of Limoneira during the first quarter worth approximately $297,000. SFE Investment Counsel purchased a new position in shares of Limoneira during the first quarter worth approximately $1,394,000. Finally, Wells Fargo & Company MN grew its position in shares of Limoneira by 39.5% during the fourth quarter. Wells Fargo & Company MN now owns 18,100 shares of the company’s stock worth $405,000 after acquiring an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 47.93% 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 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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Analyst Recommendations for Limoneira (NASDAQ:LMNR)

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