StockNews.com Upgrades Limoneira (NASDAQ:LMNR) to “Hold”

Limoneira (NASDAQ:LMNR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

LMNR has been the topic of several other research reports. B. Riley raised their price target on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital reissued a “hold” rating and set a $25.00 target price on shares of Limoneira in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.33.

Limoneira Trading Up 4.2 %

LMNR opened at $25.39 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 stock’s fifty day moving average is $22.25 and its two-hundred day moving average is $20.64. The company has a market capitalization of $457.30 million, a P/E ratio of -195.31, a PEG ratio of 7.55 and a beta of 0.48. Limoneira has a 52 week low of $13.88 and a 52 week high of $25.89.

Hedge Funds Weigh In On Limoneira

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in shares of Limoneira by 48.9% in the 1st quarter. Covestor Ltd now owns 5,764 shares of the company’s stock valued at $113,000 after buying an additional 1,893 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Limoneira by 60.8% in the first quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock worth $165,000 after purchasing an additional 3,199 shares during the last quarter. Bulldog Investors LLP purchased a new position in Limoneira in the fourth quarter worth $413,000. American Century Companies Inc. increased its position in shares of Limoneira by 32.9% during the second 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 in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Limoneira by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock valued at $473,000 after purchasing an additional 1,565 shares during the last quarter. Hedge funds and other institutional investors 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.