Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Limoneira Co (NASDAQ: LMNR) weakened in the last week. LMNR’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, Limoneira Co (NASDAQ: LMNR) stock declined modestly by -1.2%, closing at $21.84. However, this decline was accompanied by exceptionally low trading volume at 47% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, LMNR is expected to continue to be Value Creation neutral.
Limoneira has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Limoneira has a very low Appreciation Score of 12 but a good Power Rating of 71, with the Negative Value Trend Rating the result.
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