Alico (NASDAQ:ALCO) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Alico (NASDAQ:ALCO) from a "hold" to a "sell", though analyst coverage is mixed (one Buy, one Sell) and the MarketBeat consensus remains a Hold with a $42 target.
• Alico posted a large quarterly earnings miss—EPS ($0.96) vs. ($0.04) expected and revenue $1.89M vs. $3.22M expected—resulting in a −101.66% ROE and a −487.45% net margin, despite strong liquidity and a market cap of roughly $295 million.

Alico (NASDAQ:ALCO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Several other research analysts have also recently commented on the stock. Roth Mkm reiterated a "buy" rating and set a $42.00 price target on shares of Alico in a report on Wednesday, November 26th. Weiss Ratings restated a "sell (d)" rating on shares of Alico in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alico presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Alico Stock Up 1.9%

Alico stock opened at $38.47 on Friday. The company has a quick ratio of 13.02, a current ratio of 14.39 and a debt-to-equity ratio of 0.82. The firm has a market cap of $294.68 million, a price-to-earnings ratio of -2.08 and a beta of 1.02. The business's 50-day moving average price is $40.12 and its 200 day moving average price is $36.60. Alico has a 52 week low of $27.61 and a 52 week high of $43.20.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.92). The company had revenue of $1.89 million for the quarter, compared to analyst estimates of $3.22 million. Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%. As a group, sell-side analysts anticipate that Alico will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On Alico

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Alico in the second quarter valued at approximately $28,000. BNP Paribas Financial Markets lifted its position in shares of Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company's stock worth $36,000 after buying an additional 478 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Alico by 24.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock worth $52,000 after buying an additional 294 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Alico by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company's stock valued at $53,000 after buying an additional 314 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Alico by 792.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company's stock valued at $107,000 after buying an additional 2,917 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.