A number of firms have modified their ratings and price targets on shares of Landec Corporation (NASDAQ: LNDC) recently:

  • 8/1/2017 – Landec Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/1/2017 – Landec Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. This proprietary polymer technology is the foundation, and a key differentiating advantage, upon which they have built their business. “
  • 7/31/2017 – Landec Corporation was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 7/26/2017 – Landec Corporation had its “hold” rating reaffirmed by analysts at Wedbush.
  • 7/18/2017 – Landec Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. This proprietary polymer technology is the foundation, and a key differentiating advantage, upon which they have built their business. “
  • 7/12/2017 – Landec Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/4/2017 – Landec Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. This proprietary polymer technology is the foundation, and a key differentiating advantage, upon which they have built their business. “
  • 7/1/2017 – Landec Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. This proprietary polymer technology is the foundation, and a key differentiating advantage, upon which they have built their business. “

Shares of Landec Corporation (NASDAQ LNDC) traded up 0.40% during mid-day trading on Monday, hitting $12.60. The stock had a trading volume of 14,588 shares. The stock’s 50-day moving average is $14.11 and its 200 day moving average is $13.39. The firm has a market capitalization of $349.70 million, a price-to-earnings ratio of 33.16 and a beta of 1.40. Landec Corporation has a 1-year low of $11.20 and a 1-year high of $15.50.

Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. Landec Corporation had a net margin of 1.99% and a return on equity of 4.81%. The company had revenue of $127.40 million during the quarter, compared to the consensus estimate of $135.46 million. During the same period in the prior year, the firm earned $0.17 earnings per share. Landec Corporation’s revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that Landec Corporation will post $0.55 EPS for the current fiscal year.

In related news, Director Gary T. Steele sold 26,708 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $14.00, for a total value of $373,912.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.89% of the stock is owned by corporate insiders.

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

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