What’s Limoneira Company (LMNR) Upside After Reaching 52-Week High?

June 14, 2018 - By Kristen Paramore

Limoneira Company (NASDAQ:LMNR) Logo

Investors sentiment increased to 1.32 in 2018 Q1. Its up 0.41, from 0.91 in 2017Q4. It is positive, as 3 investors sold Limoneira Company shares while 16 reduced holdings. 9 funds opened positions while 16 raised stakes. 3.46 million shares or 6.12% more from 3.26 million shares in 2017Q4 were reported.
New Jersey Better Educational Savings stated it has 27,000 shares or 0.71% of all its holdings. Fuller And Thaler Asset invested 0.02% in Limoneira Company (NASDAQ:LMNR). New York-based Metropolitan Life Ins Com Ny has invested 0% in Limoneira Company (NASDAQ:LMNR). Citigroup stated it has 0% of its portfolio in Limoneira Company (NASDAQ:LMNR). State Bank Of Ny Mellon Corporation stated it has 77,536 shares. Vanguard Group Inc stated it has 540,610 shares. Nj State Employees Deferred Compensation Plan invested 0.11% of its portfolio in Limoneira Company (NASDAQ:LMNR). Everett Harris Commerce Ca accumulated 66,810 shares. Price T Rowe Associates Incorporated Md owns 25,552 shares or 0% of their US portfolio. First Interstate State Bank has 0.13% invested in Limoneira Company (NASDAQ:LMNR). Gru Incorporated holds 7,727 shares or 0% of its portfolio. Ameritas Investment has 0% invested in Limoneira Company (NASDAQ:LMNR) for 753 shares. 226,000 are owned by State Of New Jersey Common Pension Fund D. Teton Advsrs holds 0.31% of its portfolio in Limoneira Company (NASDAQ:LMNR) for 139,475 shares. Geode Cap Mngmt Ltd invested 0% in Limoneira Company (NASDAQ:LMNR).

Since January 10, 2018, it had 0 buys, and 2 selling transactions for $31,410 activity. Another trade for 210 shares valued at $4,547 was sold by Merriman John W.H..

The stock of Limoneira Company (NASDAQ:LMNR) hit a new 52-week high and has $28.90 target or 9.00 % above today’s $26.51 share price. The 9 months bullish chart indicates low risk for the $385.27M company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $28.90 price target is reached, the company will be worth $34.67 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.34% or $0.35 during the last trading session, reaching $26.51. About 40,102 shares traded or 89.26% up from the average. Limoneira Company (NASDAQ:LMNR) has risen 30.26% since June 14, 2017 and is uptrending. It has outperformed by 17.69% the S&P500.

Limoneira Company (NASDAQ:LMNR) Ratings Coverage

Among 2 analysts covering Limoneira Co (NASDAQ:LMNR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Limoneira Co had 2 analyst reports since June 12, 2018 according to SRatingsIntel. Lake Street maintained Limoneira Company (NASDAQ:LMNR) rating on Tuesday, June 12. Lake Street has “Buy” rating and $3000 target. The rating was maintained by Buckingham Research on Tuesday, June 12 with “Buy”.

More recent Limoneira Company (NASDAQ:LMNR) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Astec Industries, Prothena Corporation plc, Kornit Digital, Limoneira, Shenandoah …” on June 05, 2018. Also Fool.com published the news titled: “Limoneira (LMNR) Q2 2018 Earnings Conference Call Transcript” on June 13, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For June 11, 2018” with publication date: June 11, 2018 was also an interesting one.

Limoneira Company operates as an agribusiness and real estate development firm in the United States and internationally. The company has market cap of $385.27 million. The firm operates through four divisions: Lemon Operations, Other Agribusiness, Rental Operations, and Real Estate Development. It has a 19.38 P/E ratio. The Lemon Operations segment grows, processes, packs, markets, and sells lemons directly to food service, wholesale, and retail customers, as well as packs lemons grown by others.

Limoneira Company (NASDAQ:LMNR) Institutional Positions Chart

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