Lake Street analyst Ben Klieve maintained a Buy rating on Limoneira Co (LMNR – Research Report) today and set a price target of $19.00. The company’s shares closed last Friday at $18.30.
Klieve covers the Consumer Defensive sector, focusing on stocks such as Vital Farms, Calavo Growers, and S&W Seed Company. According to TipRanks, Klieve has an average return of 5.4% and a 45.63% success rate on recommended stocks.
Currently, the analyst consensus on Limoneira Co is a Moderate Buy with an average price target of $20.00.
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Based on Limoneira Co’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $51.09 million and a GAAP net loss of $1.16 million. In comparison, last year the company earned a revenue of $57.59 million and had a net profit of $7.38 million
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Limoneira Co (LMNR) Company Description:
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.
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