Limoneira (NASDAQ:LMNR) has been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.25.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Limoneira from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub upgraded Limoneira from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Roth Capital set a $28.00 price target on Limoneira and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, Stephens assumed coverage on Limoneira in a research report on Tuesday, January 8th. They issued an “overweight” rating for the company.

LMNR stock opened at $23.73 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $439.70 million, a PE ratio of 47.46, a P/E/G ratio of 1.92 and a beta of 0.99. Limoneira has a 1 year low of $18.07 and a 1 year high of $33.42.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $42.02 million during the quarter, compared to analysts’ expectations of $44.74 million. Limoneira had a net margin of 4.91% and a return on equity of 3.79%. Equities research analysts predict that Limoneira will post 0.79 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of LMNR. Ashford Capital Management Inc. purchased a new position in Limoneira in the third quarter worth approximately $13,799,000. BlackRock Inc. grew its position in Limoneira by 71.9% in the third quarter. BlackRock Inc. now owns 1,208,848 shares of the company’s stock worth $31,564,000 after acquiring an additional 505,647 shares during the period. JPMorgan Chase & Co. grew its position in Limoneira by 14,004.0% in the third quarter. JPMorgan Chase & Co. now owns 350,344 shares of the company’s stock worth $9,148,000 after acquiring an additional 347,860 shares during the period. Deprince Race & Zollo Inc. grew its position in Limoneira by 102.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 431,031 shares of the company’s stock worth $8,427,000 after acquiring an additional 218,514 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Limoneira by 56.8% in the third quarter. Dimensional Fund Advisors LP now owns 481,396 shares of the company’s stock worth $12,569,000 after acquiring an additional 174,382 shares during the period. Institutional investors own 51.16% of the company’s stock.

About Limoneira

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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Analyst Recommendations for Limoneira (NASDAQ:LMNR)

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