Limoneira (LMNR) Stock Rating Lowered by ValuEngine

Limoneira (NASDAQ:LMNR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Buckingham Research increased their price objective on shares of Limoneira from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Lake Street Capital set a $31.00 price objective on shares of Limoneira and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, BidaskClub cut shares of Limoneira from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Limoneira has an average rating of “Buy” and a consensus target price of $29.50.

Limoneira stock opened at $24.14 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $429.72 million, a PE ratio of 57.48, a P/E/G ratio of 1.75 and a beta of 0.85. Limoneira has a 12-month low of $19.62 and a 12-month high of $33.42.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $39.95 million during the quarter, compared to the consensus estimate of $37.68 million. Limoneira had a net margin of 15.91% and a return on equity of 6.46%. As a group, sell-side analysts anticipate that Limoneira will post 0.66 EPS for the current fiscal year.

In related news, Director John W.H. Merriman sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $61,622.00. Following the completion of the sale, the director now directly owns 1,218 shares in the company, valued at $34,116.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

A number of large investors have recently modified their holdings of LMNR. Atlas Capital Advisors LLC bought a new stake in Limoneira during the third quarter worth approximately $108,000. Bank of Montreal Can boosted its holdings in Limoneira by 6,740.2% during the third quarter. Bank of Montreal Can now owns 5,951 shares of the company’s stock worth $155,000 after buying an additional 5,864 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Limoneira by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock worth $253,000 after buying an additional 3,481 shares in the last quarter. Trexquant Investment LP bought a new stake in Limoneira during the second quarter worth approximately $285,000. Finally, Royal Bank of Canada boosted its holdings in Limoneira by 62.0% during the first quarter. Royal Bank of Canada now owns 13,333 shares of the company’s stock worth $316,000 after buying an additional 5,103 shares in the last quarter. Hedge funds and other institutional investors own 49.38% 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 six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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Analyst Recommendations for Limoneira (NASDAQ:LMNR)

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