Lamb Weston (NYSE:LW) Price Target Raised to $95.00 at Jefferies Financial Group

Lamb Weston (NYSE:LW) had its price objective raised by equities researchers at Jefferies Financial Group from $80.00 to $95.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s price target indicates a potential upside of 16.29% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. Stifel Nicolaus upped their price target on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Bank of America raised their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Barclays upped their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $84.25.

Lamb Weston Trading Down 0.6 %

Lamb Weston stock traded down $0.52 during trading hours on Tuesday, reaching $81.69. 847,524 shares of the company’s stock were exchanged, compared to its average volume of 2,461,788. The firm has a market capitalization of $11.65 billion, a PE ratio of 19.09, a PEG ratio of 1.34 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm’s 50 day simple moving average is $76.48 and its 200 day simple moving average is $72.85. Lamb Weston has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Research analysts predict that Lamb Weston will post 4.26 earnings per share for the current year.

Institutional Trading of Lamb Weston

A number of institutional investors and hedge funds have recently modified their holdings of LW. City State Bank grew its stake in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Crewe Advisors LLC boosted its holdings in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Lamb Weston during the third quarter valued at about $29,000. Riverview Trust Co purchased a new stake in Lamb Weston during the third quarter worth about $35,000. Finally, Family Firm Inc. bought a new stake in Lamb Weston in the second quarter worth about $36,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.