Limoneira (LMNR) – Analysts’ Weekly Ratings Updates

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Limoneira (NASDAQ: LMNR) has recently received a number of price target changes and ratings updates:

  • 11/13/2019 – Limoneira was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. “
  • 11/7/2019 – Limoneira was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/5/2019 – Limoneira was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. “
  • 10/30/2019 – Limoneira was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. “
  • 10/28/2019 – Limoneira was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/22/2019 – Limoneira was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/11/2019 – Limoneira was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/24/2019 – Limoneira was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NASDAQ LMNR opened at $18.83 on Thursday. The company has a market cap of $329.15 million, a P/E ratio of 37.66, a P/E/G ratio of 1.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.29 and a quick ratio of 1.11. The stock has a 50-day moving average of $18.61 and a two-hundred day moving average of $19.40. Limoneira has a 1-year low of $17.05 and a 1-year high of $25.70.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, October 7th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, October 4th. Limoneira’s dividend payout ratio is currently 60.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Limoneira by 18.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock valued at $83,000 after acquiring an additional 668 shares in the last quarter. Bank of Montreal Can grew its position in shares of Limoneira by 132,800.0% during the second quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock worth $27,000 after buying an additional 1,328 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Limoneira during the second quarter worth about $41,000. Rhumbline Advisers grew its position in shares of Limoneira by 10.2% during the third quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock worth $416,000 after buying an additional 2,104 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in shares of Limoneira by 0.6% during the second quarter. Deprince Race & Zollo Inc. now owns 423,003 shares of the company’s stock worth $8,435,000 after buying an additional 2,329 shares in the last quarter. 52.90% of the stock is owned by institutional investors.

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

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