Limoneira (NASDAQ:LMNR) had its price objective raised by Buckingham Research from $28.00 to $30.00 in a research report released on Tuesday morning. The firm currently has a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Limoneira from a c+ rating to a b rating in a report on Wednesday, April 11th. Zacks Investment Research upgraded shares of Limoneira from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Wednesday, March 14th. BidaskClub upgraded shares of Limoneira from a hold rating to a buy rating in a report on Tuesday, April 3rd. Lake Street Capital upped their price objective on shares of Limoneira to $30.00 and gave the stock a buy rating in a report on Tuesday. Finally, ValuEngine cut shares of Limoneira from a buy rating to a hold rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $28.50.
Shares of LMNR opened at $26.51 on Tuesday. The stock has a market capitalization of $380.18 million, a price-to-earnings ratio of 63.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 0.98. Limoneira has a fifty-two week low of $19.62 and a fifty-two week high of $26.80.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, June 11th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The business had revenue of $43.14 million for the quarter, compared to analysts’ expectations of $41.70 million. Limoneira had a net margin of 15.53% and a return on equity of 7.15%. equities analysts predict that Limoneira will post 0.69 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of LMNR. MetLife Investment Advisors LLC bought a new position in shares of Limoneira in the fourth quarter worth approximately $139,000. Chicago Equity Partners LLC bought a new position in shares of Limoneira in the first quarter worth approximately $297,000. Royal Bank of Canada lifted its stake in shares of Limoneira by 62.0% in the first quarter. Royal Bank of Canada now owns 13,333 shares of the company’s stock worth $316,000 after buying an additional 5,103 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Limoneira by 39.5% in the fourth quarter. Wells Fargo & Company MN now owns 18,100 shares of the company’s stock worth $405,000 after buying an additional 5,121 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Limoneira by 144.8% in the fourth quarter. Deutsche Bank AG now owns 27,233 shares of the company’s stock worth $607,000 after buying an additional 16,108 shares in the last quarter. Hedge funds and other institutional investors own 30.32% of the company’s stock.
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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