In a report released today, Robert Moskow from TD Cowen maintained a Buy rating on Lamb Weston Holdings (LW – Research Report), with a price target of $132.00. The company’s shares closed yesterday at $105.26.
Moskow covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, JM Smucker, and General Mills. According to TipRanks, Moskow has an average return of 5.4% and a 52.31% 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 $130.00 average price target, a 23.50% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $130.00 price target.
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Based on Lamb Weston Holdings’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.73 billion and a net profit of $215 million. In comparison, last year the company earned a revenue of $1.28 billion and had a net profit of $103.1 million
Based on the recent corporate insider activity of 43 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.
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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.
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