Limoneira (NASDAQ:LMNR) Rating Reiterated by National Securities

Limoneira (NASDAQ:LMNR)‘s stock had its “buy” rating reiterated by stock analysts at National Securities in a report issued on Tuesday, AnalystRatings.com reports. They presently have a $30.00 price target on the stock. National Securities’ price target suggests a potential upside of 48.96% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Limoneira from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 24th. Zacks Investment Research cut shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Finally, BidaskClub cut shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.75.

Limoneira stock traded down $0.08 during trading hours on Tuesday, reaching $20.14. 864 shares of the company’s stock were exchanged, compared to its average volume of 43,443. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $19.59 and its 200 day simple moving average is $19.11. Limoneira has a twelve month low of $17.05 and a twelve month high of $25.65. The firm has a market capitalization of $357.00 million, a PE ratio of -44.82, a PEG ratio of 3.46 and a beta of 1.05.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Monday, January 13th. The company reported ($0.24) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.24). The firm had revenue of $36.48 million during the quarter, compared to the consensus estimate of $24.78 million. Limoneira had a negative return on equity of 3.43% and a negative net margin of 3.47%. Analysts anticipate that Limoneira will post 0.39 EPS for the current year.

In related news, CEO Harold S. Edwards sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.24, for a total value of $40,480.00. In the last ninety days, insiders sold 3,600 shares of company stock worth $72,660. 4.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in Limoneira in the 3rd quarter valued at about $1,104,000. First Trust Advisors LP lifted its position in Limoneira by 29.8% in the 3rd quarter. First Trust Advisors LP now owns 34,674 shares of the company’s stock valued at $637,000 after acquiring an additional 7,963 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in Limoneira by 17.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,188 shares of the company’s stock valued at $95,000 after acquiring an additional 764 shares in the last quarter. State Street Corp lifted its position in Limoneira by 0.7% in the 3rd quarter. State Street Corp now owns 280,139 shares of the company’s stock valued at $5,143,000 after acquiring an additional 1,955 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Limoneira by 10.2% in the 3rd quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock valued at $416,000 after acquiring an additional 2,104 shares in the last quarter. 54.95% of the stock is currently owned by institutional investors and hedge funds.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

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