Limoneira (LMNR) PT Set at $28.00 by Roth Capital

Limoneira (NASDAQ:LMNR) received a $28.00 price objective from equities researchers at Roth Capital in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Roth Capital’s target price would suggest a potential upside of 26.35% from the company’s current price.

Other analysts also recently issued research reports about the company. BidaskClub downgraded Limoneira from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded Limoneira from a “buy” rating to a “hold” rating in a research note on Friday, August 25th.

Limoneira (LMNR) traded down $1.13 during mid-day trading on Friday, hitting $22.16. The stock had a trading volume of 79,200 shares, compared to its average volume of 35,186. Limoneira has a 12-month low of $16.39 and a 12-month high of $26.06. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.70. The stock has a market cap of $319.22, a PE ratio of 43.13 and a beta of 1.06.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 11th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Limoneira had a net margin of 7.42% and a return on equity of 6.64%. The company had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $37.94 million. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. equities analysts forecast that Limoneira will post 0.52 earnings per share for the current year.

In other news, Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $23.58, for a total value of $35,370.00. Following the completion of the transaction, the director now owns 9,686 shares in the company, valued at approximately $228,395.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Harold S. Edwards sold 6,652 shares of Limoneira stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total value of $152,996.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,649 shares of company stock valued at $200,293. Company insiders own 5.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Limoneira by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock valued at $10,230,000 after acquiring an additional 18,774 shares during the period. State Street Corp boosted its holdings in Limoneira by 15.1% during the 2nd quarter. State Street Corp now owns 198,221 shares of the company’s stock valued at $4,682,000 after acquiring an additional 25,932 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Limoneira by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 188,881 shares of the company’s stock valued at $4,376,000 after acquiring an additional 17,407 shares during the period. Teton Advisors Inc. boosted its holdings in Limoneira by 1.5% during the 2nd quarter. Teton Advisors Inc. now owns 138,575 shares of the company’s stock valued at $3,275,000 after acquiring an additional 1,985 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Limoneira by 9.9% during the 1st quarter. Geode Capital Management LLC now owns 85,463 shares of the company’s stock valued at $1,787,000 after acquiring an additional 7,675 shares during the period. Institutional investors own 27.47% of the company’s stock.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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