Limoneira (NASDAQ:LMNR) Receives $17.00 Average Price Target from Brokerages

Shares of Limoneira (NASDAQ:LMNR) have earned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.00.

Several analysts have commented on LMNR shares. Stephens lowered their price objective on shares of Limoneira from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. National Securities lowered shares of Limoneira from a “buy” rating to a “neutral” rating in a research report on Thursday, March 12th. Lake Street Capital lowered their price objective on shares of Limoneira from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. BidaskClub lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. Finally, Roth Capital lowered their price target on shares of Limoneira from to in a research report on Thursday, March 12th.

A number of institutional investors have recently bought and sold shares of LMNR. Millennium Management LLC purchased a new position in Limoneira in the 3rd quarter worth approximately $1,104,000. SFE Investment Counsel purchased a new position in Limoneira in the 4th quarter worth approximately $1,154,000. Mutual Advisors LLC purchased a new position in Limoneira in the 4th quarter worth approximately $809,000. Global Alpha Capital Management Ltd. grew its stake in Limoneira by 1.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,478,031 shares of the company’s stock worth $28,423,000 after buying an additional 20,344 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in Limoneira by 2.1% in the 3rd quarter. Ashford Capital Management Inc. now owns 853,792 shares of the company’s stock worth $15,676,000 after buying an additional 17,862 shares in the last quarter. 54.82% of the stock is currently owned by institutional investors and hedge funds.

Limoneira stock traded up $0.21 during midday trading on Monday, hitting $14.00. 53,179 shares of the stock were exchanged, compared to its average volume of 55,876. Limoneira has a 52-week low of $10.60 and a 52-week high of $24.77. The stock has a market capitalization of $246.26 million, a price-to-earnings ratio of -30.43, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. The business’s 50-day moving average price is $17.49 and its 200-day moving average price is $18.84. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The company had revenue of $41.66 million during the quarter, compared to the consensus estimate of $42.30 million. Limoneira had a negative return on equity of 4.97% and a negative net margin of 4.49%. On average, sell-side analysts predict that Limoneira will post 0.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Monday, April 6th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, April 3rd. Limoneira’s dividend payout ratio (DPR) is presently -66.67%.

Limoneira Company Profile

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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