A number of research firms have changed their ratings and price targets for Lamb Weston (NYSE: LW):
- 10/22/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $76.00 to $90.00. They now have a “buy” rating on the stock.
- 10/21/2024 – Lamb Weston had its price target raised by analysts at Bank of America Co. from $68.00 to $80.00. They now have a “neutral” rating on the stock.
- 10/7/2024 – Lamb Weston had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $68.00 price target on the stock, up previously from $63.00.
- 10/4/2024 – Lamb Weston had its price target raised by analysts at Barclays PLC from $70.00 to $74.00. They now have an “overweight” rating on the stock.
- 10/3/2024 – Lamb Weston had its price target raised by analysts at Wells Fargo & Company from $70.00 to $77.00. They now have an “overweight” rating on the stock.
- 10/3/2024 – Lamb Weston had its price target raised by analysts at Stifel Nicolaus from $60.00 to $65.00. They now have a “hold” rating on the stock.
- 10/3/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $75.00 to $76.00. They now have a “buy” rating on the stock.
- 9/24/2024 – Lamb Weston had its price target raised by analysts at TD Cowen from $61.00 to $65.00. They now have a “hold” rating on the stock.
- 9/23/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $72.00 to $75.00. They now have a “buy” rating on the stock.
- 9/17/2024 – Lamb Weston had its price target raised by analysts at Bank of America Co. from $66.00 to $68.00. They now have a “neutral” rating on the stock.
Lamb Weston Stock Performance
NYSE:LW opened at $77.38 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s 50 day moving average is $66.45 and its two-hundred day moving average is $74.59. The company has a market cap of $11.17 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.
Lamb Weston (NYSE:LW – Get Free Report) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.
Lamb Weston Dividend Announcement
Institutional Investors Weigh In On Lamb Weston
Several large investors have recently made changes to their positions in LW. Sei Investments Co. boosted its position in Lamb Weston by 20.0% during the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock worth $22,128,000 after purchasing an additional 34,553 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lamb Weston by 66.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after buying an additional 15,364 shares during the period. Empowered Funds LLC acquired a new stake in shares of Lamb Weston in the first quarter valued at about $810,000. Confluence Investment Management LLC purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $7,937,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 89.56% of the company’s stock.
Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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