BidaskClub upgraded shares of Limoneira (NASDAQ:LMNR) from a hold rating to a buy rating in a report issued on Friday.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Limoneira from a sell rating to a hold rating in a report on Wednesday, August 29th. Buckingham Research upped their target price 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 target price on shares of Limoneira and gave the company a buy rating in a report on Tuesday, September 11th. Finally, ValuEngine cut shares of Limoneira from a buy rating to a hold rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $29.50.
Shares of NASDAQ:LMNR opened at $24.71 on Friday. Limoneira has a one year low of $19.62 and a one year high of $33.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market capitalization of $438.02 million, a PE ratio of 58.83, a price-to-earnings-growth ratio of 1.78 and a beta of 0.85.
In other news, Director John W.H. Merriman sold 2,200 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $61,622.00. Following the transaction, the director now directly owns 1,218 shares in the company, valued at $34,116.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.50% of the company’s stock.
Several institutional investors have recently modified their holdings of LMNR. Royal Bank of Canada increased its stake in shares of 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 acquiring an additional 5,103 shares during the period. Northpointe Capital LLC acquired a new position in shares of Limoneira during the second quarter worth about $3,156,000. Parallel Advisors LLC increased its stake in shares of Limoneira by 21,245.0% during the second quarter. Parallel Advisors LLC now owns 64,035 shares of the company’s stock worth $1,575,000 after acquiring an additional 63,735 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of Limoneira by 31.8% during the second quarter. Global Alpha Capital Management Ltd. now owns 1,238,844 shares of the company’s stock worth $30,488,000 after acquiring an additional 299,000 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Limoneira by 18.0% during the second quarter. First Trust Advisors LP now owns 13,671 shares of the company’s stock worth $336,000 after acquiring an additional 2,082 shares during the period. Institutional investors and hedge funds own 49.38% of the company’s stock.
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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