Lake Street Capital Lowers Limoneira (NASDAQ:LMNR) Price Target to $23.00

Limoneira (NASDAQ:LMNR) had its price objective decreased by stock analysts at Lake Street Capital from $25.00 to $23.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Lake Street Capital’s price objective would suggest a potential upside of 24.26% from the company’s current price.

Separately, StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th.

Limoneira Price Performance

LMNR stock opened at $18.51 on Thursday. The firm has a 50 day moving average of $22.73 and a 200-day moving average of $25.12. Limoneira has a 12-month low of $17.80 and a 12-month high of $29.22. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. The company has a market cap of $334.01 million, a price-to-earnings ratio of 48.71 and a beta of 0.46.

Institutional Trading of Limoneira

Several institutional investors and hedge funds have recently made changes to their positions in LMNR. BNP Paribas Financial Markets raised its stake in Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after purchasing an additional 436 shares during the last quarter. Barclays PLC boosted its stake in shares of Limoneira by 269.7% during the 3rd quarter. Barclays PLC now owns 21,708 shares of the company’s stock worth $575,000 after purchasing an additional 15,836 shares during the last quarter. State Street Corp boosted its stake in shares of Limoneira by 3.7% during the 3rd quarter. State Street Corp now owns 311,388 shares of the company’s stock worth $8,252,000 after purchasing an additional 11,003 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in shares of Limoneira by 3.0% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock worth $87,442,000 after purchasing an additional 96,054 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock worth $241,000 after purchasing an additional 1,981 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 operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.