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

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

A number of other brokerages have also recently weighed in on LMNR. B. Riley increased their price target on Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Lake Street Capital reiterated a “hold” rating and issued a $25.00 target price on shares of Limoneira in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.33.

Limoneira Stock Performance

Shares of NASDAQ LMNR traded up $0.11 during midday trading on Wednesday, hitting $24.37. The company’s stock had a trading volume of 43,902 shares, compared to its average volume of 45,001. The firm has a market cap of $438.81 million, a P/E ratio of -187.42, a P/E/G ratio of 7.55 and a beta of 0.47. Limoneira has a 1-year low of $13.88 and a 1-year high of $25.89. The firm’s fifty day moving average price is $22.14 and its 200-day moving average price is $20.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.93.

Institutional Investors Weigh In On Limoneira

Several institutional investors have recently bought and sold shares of the stock. Covestor Ltd raised its stake in shares of Limoneira by 48.9% in the 1st quarter. Covestor Ltd now owns 5,764 shares of the company’s stock worth $113,000 after buying an additional 1,893 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Limoneira by 60.8% in the 1st quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock valued at $165,000 after acquiring an additional 3,199 shares during the last quarter. Bulldog Investors LLP bought a new position in shares of Limoneira during the 4th quarter valued at about $413,000. American Century Companies Inc. grew its stake in shares of Limoneira by 32.9% in the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after purchasing an additional 5,498 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Limoneira by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 64.35% 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 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.