Limoneira (NASDAQ:LMNR) Upgraded to “Hold” by StockNews.com

Limoneira (NASDAQ:LMNR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other research analysts also recently issued reports on the company. TheStreet downgraded Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, January 30th. Roth Mkm boosted their price target on Limoneira from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd.

Limoneira Stock Performance

Shares of Limoneira stock traded up $0.27 on Friday, reaching $19.59. 53,310 shares of the stock were exchanged, compared to its average volume of 40,937. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. Limoneira has a twelve month low of $13.88 and a twelve month high of $21.62. The firm has a market capitalization of $352.72 million, a price-to-earnings ratio of -33.78, a PEG ratio of 9.74 and a beta of 0.55. The business has a 50 day moving average price of $18.82 and a two-hundred day moving average price of $17.64.

Limoneira (NASDAQ:LMNR) last released its earnings results on Thursday, March 7th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. Limoneira had a negative return on equity of 1.16% and a negative net margin of 5.40%. The firm had revenue of $39.73 million during the quarter, compared to the consensus estimate of $39.07 million. During the same quarter in the previous year, the company posted ($0.53) earnings per share. Analysts anticipate that Limoneira will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Limoneira

Institutional investors and hedge funds have recently made changes to their positions in the business. West Tower Group LLC purchased a new stake in shares of Limoneira in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC increased its position in shares of Limoneira by 177.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,011 shares of the company’s stock valued at $31,000 after buying an additional 1,285 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Limoneira during the fourth quarter worth approximately $36,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Limoneira during the third quarter worth approximately $64,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Limoneira by 58.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the company’s stock worth $70,000 after purchasing an additional 2,100 shares in the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

About Limoneira

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.