Lamb Weston (LW) Getting Somewhat Favorable Press Coverage, Analysis Shows

News stories about Lamb Weston (NYSE:LW) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lamb Weston earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.7317353803554 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Several research firms recently commented on LW. Jefferies Group restated a “buy” rating and set a $53.00 target price on shares of Lamb Weston in a research report on Monday, September 25th. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price (up from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, October 6th. Finally, Bank of America boosted their target price on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.63.

Lamb Weston (NYSE LW) traded down $0.55 on Thursday, hitting $55.43. The stock had a trading volume of 776,294 shares, compared to its average volume of 989,769. Lamb Weston has a 1 year low of $34.80 and a 1 year high of $57.20. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.62 and a quick ratio of 0.67. The stock has a market cap of $8,110.00 and a PE ratio of 24.28.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston’s revenue was up 5.3% compared to the same quarter last year. research analysts expect that Lamb Weston will post 2.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, November 2nd. Lamb Weston’s payout ratio is currently 33.48%.

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About Lamb Weston

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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