Limoneira (NASDAQ:LMNR) Coverage Initiated at Lake Street Capital

Stock analysts at Lake Street Capital started coverage on shares of Limoneira (NASDAQ:LMNR) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $19.00 price target on the stock. Lake Street Capital’s target price would suggest a potential upside of 50.44% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research note on Monday. Stephens assumed coverage on shares of Limoneira in a report on Friday, September 12th. They issued an “equal weight” rating and a $18.00 target price for the company. Finally, Roth Capital restated a “buy” rating on shares of Limoneira in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.50.

Limoneira Price Performance

NASDAQ LMNR opened at $12.63 on Wednesday. The stock has a market capitalization of $228.86 million, a P/E ratio of -13.58 and a beta of 0.39. Limoneira has a 1 year low of $12.20 and a 1 year high of $25.20. The business’s fifty day moving average is $13.83 and its two-hundred day moving average is $14.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.35.

Institutional Trading of Limoneira

Several hedge funds and other institutional investors have recently modified their holdings of LMNR. Peapod Lane Capital LLC purchased a new stake in shares of Limoneira during the 2nd quarter worth about $1,927,000. Teton Advisors LLC acquired a new position in Limoneira in the third quarter worth approximately $1,745,000. Qube Research & Technologies Ltd increased its holdings in Limoneira by 515.4% in the second quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after buying an additional 62,080 shares during the last quarter. JPMorgan Chase & Co. raised its position in Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after acquiring an additional 31,552 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Limoneira by 14.1% in the third quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company’s stock valued at $3,760,000 after acquiring an additional 31,200 shares during the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.