Jefferies Financial Group Issues Positive Forecast for Lamb Weston (NYSE:LW) Stock Price

by · The Cerbat Gem

Lamb Weston (NYSE:LW – Get Free Report) had its price target increased by equities researchers at Jefferies Financial Group from $67.00 to $70.00 in a report released on Friday,MarketScreener reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s target price points to a potential upside of 17.32% from the stock’s current price.

Several other equities research analysts also recently commented on LW. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday, October 1st. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Cfra Research raised shares of Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Lamb Weston in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.20.

Read Our Latest Analysis on Lamb Weston

Lamb Weston Price Performance

LW stock traded up $0.19 during trading on Friday, hitting $59.67. The company had a trading volume of 979,798 shares, compared to its average volume of 1,158,617. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 3.94 and a beta of 0.44. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The business has a 50 day moving average of $61.25 and a 200 day moving average of $57.07. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98.

Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The business had revenue of $1.15 billion during the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. As a group, research analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Institutional Trading of Lamb Weston

Hedge funds have recently modified their holdings of the company. Allworth Financial LP grew its position in Lamb Weston by 40.1% during the 3rd quarter. Allworth Financial LP now owns 1,817 shares of the specialty retailer’s stock worth $106,000 after acquiring an additional 520 shares during the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of Lamb Weston during the 3rd quarter worth approximately $347,000. ARQ Wealth Advisors LLC bought a new position in Lamb Weston during the third quarter worth $568,000. CIBC Private Wealth Group LLC raised its holdings in Lamb Weston by 48.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,275 shares of the specialty retailer’s stock valued at $190,000 after acquiring an additional 1,071 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in Lamb Weston during the third quarter worth approximately $2,700,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

(Get Free Report)

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.

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