Limoneira Co (NASDAQ:LMNR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Limoneira, with three buy, two hold and one sell rating among six analysts. The average 12-month price target is $18.00, above the reported share price of $13.85.
• Limoneira reported a quarterly loss of $0.29 per share, missing estimates by $0.08, although revenue of $23.93 million exceeded expectations. The company posted a negative net margin of 30.50% and analysts expect a full-year loss of $0.47 per share.
• Institutional investors own approximately 64.35% of the stock, with several firms recently increasing their holdings. Shares have traded between $11.66 and $16.62 over the past year.

Limoneira Co (NASDAQ:LMNR - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

LMNR has been the topic of a number of recent research reports. Lake Street Capital reduced their price target on shares of Limoneira from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, June 10th. HC Wainwright downgraded shares of Limoneira to a "buy" rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Limoneira in a research note on Wednesday, June 24th.

Limoneira Price Performance

Shares of NASDAQ LMNR opened at $13.85 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.53. Limoneira has a 1-year low of $11.66 and a 1-year high of $16.62. The company has a market capitalization of $251.10 million, a price-to-earnings ratio of -6.07 and a beta of 0.30. The business has a 50-day moving average of $13.43 and a 200-day moving average of $13.36.

Limoneira (NASDAQ:LMNR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.08). The firm had revenue of $23.93 million during the quarter, compared to analysts' expectations of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. On average, equities analysts anticipate that Limoneira will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Limoneira

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Limoneira by 64.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company's stock worth $27,000 after purchasing an additional 668 shares during the last quarter. Trust Co. of Vermont bought a new position in Limoneira during the 2nd quarter worth $33,000. California State Teachers Retirement System grew its stake in Limoneira by 236.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,033 shares of the company's stock worth $40,000 after buying an additional 2,131 shares during the last quarter. Leonteq Securities AG increased its position in Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company's stock worth $45,000 after buying an additional 1,593 shares during the period. Finally, MetLife Investment Management LLC increased its position in Limoneira by 45.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,765 shares of the company's stock worth $123,000 after buying an additional 3,029 shares during the period. 64.35% of the stock is owned by institutional investors.

Limoneira Company Profile

Limoneira Company NASDAQ: LMNR, founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company's vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.

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