Limoneira Co (NASDAQ:LMNR) Given Average Recommendation of “Hold” by Brokerages

Shares of Limoneira Co (NASDAQ:LMNR) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.00.

Several brokerages have commented on LMNR. HC Wainwright lowered shares of Limoneira to a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a research report on Wednesday, June 24th. Finally, Lake Street Capital lowered their target price on Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th.

Limoneira Price Performance

Limoneira stock opened at $13.22 on Friday. The company has a 50-day simple moving average of $12.89 and a 200-day simple moving average of $13.42. The firm has a market capitalization of $239.71 million, a P/E ratio of -5.80 and a beta of 0.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 1.68. Limoneira has a one year low of $11.66 and a one year high of $16.99.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.08). The firm had revenue of $23.93 million during the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. As a group, equities analysts expect that Limoneira will post -0.47 earnings per share for the current year.

Institutional Trading of Limoneira

Several large investors have recently made changes to their positions in LMNR. Teton Advisors LLC bought a new position in shares of Limoneira in the 3rd quarter valued at approximately $1,745,000. Peapod Lane Capital LLC grew its holdings in Limoneira by 44.5% during the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock valued at $2,633,000 after purchasing an additional 64,178 shares during the last quarter. Flax Pond Capital LLC acquired a new position in Limoneira during the fourth quarter valued at approximately $2,145,000. Whittier Trust Co. raised its position in shares of Limoneira by 16.0% in the first quarter. Whittier Trust Co. now owns 18,980 shares of the company’s stock valued at $249,000 after purchasing an additional 2,612 shares during the period. Finally, Leonteq Securities AG lifted its stake in shares of Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock worth $45,000 after buying an additional 1,593 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

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.