Lamb Weston (NYSE:LW) PT Lowered to $104.00

Lamb Weston (NYSE:LW) had its target price cut by investment analysts at Citigroup from $106.00 to $104.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Citigroup’s target price indicates a potential upside of 31.76% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Bank of America lowered their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company lowered their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Finally, Barclays lowered their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.20.

Lamb Weston Price Performance

Shares of LW stock opened at $78.93 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. Lamb Weston has a twelve month low of $76.67 and a twelve month high of $117.38. The company has a market cap of $11.40 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.32 and a beta of 0.74. The business has a fifty day simple moving average of $84.99 and a 200 day simple moving average of $94.32.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently added to or reduced their stakes in LW. Norges Bank acquired a new stake in Lamb Weston during the fourth quarter worth approximately $93,553,000. Artemis Investment Management LLP boosted its holdings in Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after acquiring an additional 663,985 shares in the last quarter. APG Asset Management US Inc. bought a new position in Lamb Weston in the fourth quarter worth approximately $56,699,000. Montrusco Bolton Investments Inc. boosted its holdings in Lamb Weston by 104.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock worth $77,113,000 after acquiring an additional 364,851 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Lamb Weston by 97.8% in the fourth quarter. Jennison Associates LLC now owns 498,903 shares of the specialty retailer’s stock worth $53,926,000 after acquiring an additional 246,622 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.