Lake Street analyst Ben Klieve reiterated a Buy rating on Limoneira Co (LMNR – Research Report) today and set a price target of $19.00. The company’s shares closed yesterday at $15.88.
According to TipRanks, Klieve is a 5-star analyst with an average return of 12.6% and a 48.33% success rate. Klieve covers the Basic Materials sector, focusing on stocks such as S&W Seed Company, Limoneira Co, and Bioceres Crop Solutions.
Limoneira Co has an analyst consensus of Strong Buy, with a price target consensus of $18.33, representing a 15.43% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $19.00 price target.
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LMNR market cap is currently $283.1M and has a P/E ratio of -235.96.
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Limoneira Co. is an agribusiness and real estate development company, which engages in the innovation of agricultural citrus industry in California. It operates through the following three divisions: Agribusiness, Rental Operations, and Real Estate Development. The Agribusiness division comprised of lemon operations and other agribusiness segments include farming, harvesting, lemon packing, and lemon sales operations. The Rental Operations division focuses on the residential and commercial rentals, leased land operations, and organic recycling. The Real Estate Development division deal in the real estate projects and development. The company was founded by Nathan W. Blanchard and Wallace L. Hardison in 1893 and is headquartered in Santa Paula, CA.
