Lamb Weston (NYSE:LW) Price Target Raised to $78.00 at JPMorgan Chase & Co.

Lamb Weston (NYSE:LW) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $68.00 to $78.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.20% from the company’s previous close.

A number of other analysts have also weighed in on LW. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Citigroup upped their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company increased their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.25.

Lamb Weston Stock Up 0.1 %

NYSE LW opened at $82.28 on Monday. The business has a fifty day moving average price of $76.74 and a two-hundred day moving average price of $72.83. The stock has a market capitalization of $11.73 billion, a PE ratio of 19.30, a PEG ratio of 1.34 and a beta of 0.70. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm posted $1.63 earnings per share. Lamb Weston’s revenue was down .7% compared to the same quarter last year. Equities analysts expect that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamb Weston

Institutional investors and hedge funds have recently made changes to their positions in the stock. City State Bank raised its stake in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares during the period. Crewe Advisors LLC increased its holdings in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in shares of Lamb Weston during the third quarter worth approximately $35,000. Finally, Family Firm Inc. bought a new position in shares of Lamb Weston in the 2nd quarter worth $36,000. Institutional investors own 89.56% of the company’s stock.

About Lamb Weston

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.