Limoneira Co (NASDAQ:LMNR) Given Consensus Rating of “Hold” by Analysts

Shares of Limoneira Co (NASDAQ:LMNR) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.50.

Several research firms have commented on LMNR. Lake Street Capital initiated coverage on Limoneira in a report on Wednesday, December 31st. They issued a “buy” rating and a $19.00 target price on the stock. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a research note on Friday.

Insider Activity at Limoneira

In related news, Director Scott S. Slater bought 5,000 shares of the stock in a transaction on Thursday, January 8th. The shares were acquired at an average price of $12.85 per share, for a total transaction of $64,250.00. Following the purchase, the director owned 64,447 shares of the company’s stock, valued at approximately $828,143.95. The trade was a 8.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Limoneira

A number of large investors have recently made changes to their positions in LMNR. BNP Paribas Financial Markets grew its holdings in Limoneira by 64.8% during the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after purchasing an additional 668 shares during the period. CWM LLC lifted its position in shares of Limoneira by 144.3% during the 3rd quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after buying an additional 1,447 shares in the last quarter. MetLife Investment Management LLC lifted its position 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 valued at $123,000 after buying an additional 3,029 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Limoneira during the 4th quarter valued at approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Limoneira during the 3rd quarter valued at approximately $151,000. 64.35% of the stock is currently owned by institutional investors.

Limoneira Stock Down 0.2%

NASDAQ LMNR opened at $13.42 on Friday. Limoneira has a 1 year low of $12.20 and a 1 year high of $18.22. The stock has a market capitalization of $243.04 million, a PE ratio of -10.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08. The business’s 50-day moving average is $13.99 and its 200 day moving average is $14.08.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The business had revenue of $18.21 million during the quarter, compared to analysts’ expectations of $16.22 million.

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.