Limoneira Rating Lowered to Hold at TheStreet (LMNR)
Limoneira (NASDAQ:LMNR) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports.
The analysts wrote, “Limoneira (LMNR) has been downgraded by TheStreet Ratings from buy to hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins.”
Shares of Limoneira (NASDAQ:LMNR) traded up 0.35% during mid-day trading on Wednesday, hitting $22.87. The stock had a trading volume of 9,086 shares. Limoneira has a 1-year low of $17.19 and a 1-year high of $27.41. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $24.. The company has a market cap of $304.4 million and a P/E ratio of 47.38.
Limoneira (NASDAQ:LMNR) last released its earnings data on Monday, January 13th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.52. The company had revenue of $14.30 million for the quarter, compared to the consensus estimate of $17.64 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, analysts predict that Limoneira will post $0.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Limoneira from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 10th. They now have a $29.50 price target on the stock.
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, real estate development and capital investment activities.
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