Limoneira (NASDAQ:LMNR) Lowered to “Sell” Rating by StockNews.com

Limoneira (NASDAQ:LMNR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other research firms have also recently issued reports on LMNR. B. Riley lifted their target price on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital reiterated a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.33.

Limoneira Stock Down 7.0 %

Shares of LMNR traded down $1.88 during midday trading on Wednesday, reaching $24.95. 179,592 shares of the stock were exchanged, compared to its average volume of 46,275. The company has a market cap of $450.35 million, a price-to-earnings ratio of 86.03 and a beta of 0.49. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. Limoneira has a 12-month low of $17.37 and a 12-month high of $29.22. The firm has a 50 day simple moving average of $26.89 and a 200-day simple moving average of $24.34.

Institutional Trading of Limoneira

Several large investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Limoneira by 269.7% in the third 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 period. State Street Corp lifted its position in Limoneira by 3.7% in the third 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 period. PEAK6 Investments LLC acquired a new stake in Limoneira during the third quarter worth $255,000. De Lisle Partners LLP acquired a new position in shares of Limoneira in the 3rd quarter valued at $269,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Limoneira by 14.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after acquiring an additional 436 shares during the period. 64.35% of the stock is owned by 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.