Limoneira (NASDAQ:LMNR) PT Raised to $28.00

Limoneira (NASDAQ:LMNR) had its price objective boosted by B. Riley from $24.00 to $28.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 13.18% from the stock’s current price.

Separately, Lake Street Capital raised their target price on Limoneira from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.33.

Limoneira Price Performance

LMNR stock opened at $24.74 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $21.80 and its 200 day simple moving average is $20.41. Limoneira has a 12-month low of $13.88 and a 12-month high of $25.89. The firm has a market cap of $445.59 million, a price-to-earnings ratio of -190.31, a PEG ratio of 7.60 and a beta of 0.48.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Thursday, June 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.20 by $0.20. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $54.62 million. Limoneira had a positive return on equity of 0.67% and a negative net margin of 0.92%. On average, analysts expect that Limoneira will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Limoneira

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd boosted its stake in Limoneira by 48.9% during the 1st quarter. Covestor Ltd now owns 5,764 shares of the company’s stock valued at $113,000 after purchasing an additional 1,893 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Limoneira by 60.8% in the 1st quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock valued at $165,000 after purchasing an additional 3,199 shares during the period. Bulldog Investors LLP purchased a new stake in shares of Limoneira during the 4th quarter valued at $413,000. American Century Companies Inc. raised its stake in shares of Limoneira by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after purchasing an additional 5,498 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Limoneira by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after buying an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 64.35% 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 three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.