In a report released today, Andy Barish from Jefferies reiterated a Buy rating on Lamb Weston Holdings (LW – Research Report), with a price target of $133.00. The company’s shares opened today at $107.41.
Barish covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Wingstop, and Chipotle. According to TipRanks, Barish has an average return of 9.1% and a 58.44% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lamb Weston Holdings with a $127.00 average price target, representing a 18.24% upside. In a report released on December 19, Bank of America Securities also reiterated a Buy rating on the stock with a $130.00 price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $116.70 and a one-year low of $81.00. Currently, Lamb Weston Holdings has an average volume of 2.13M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lamb Weston Holdings (LW) Company Description:
Lamb Weston Holdings, Inc. engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets. The Foodservice segment comprises branded and private label frozen potato products sold throughout the United States and Canada. The Retail segment consists consumer facing retail branded and private label frozen potato products sold primarily to grocery, mass merchants, club, and specialty retailers. The Other segment compose of vegetable and dairy businesses. The company was founded on July 5, 2016 and is headquartered in Eagle, ID.
Read More on LW:
