Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) Price Target at $117.40

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $117.40.

LW has been the topic of a number of recent analyst reports. Bank of America decreased their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Citigroup decreased their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Stifel Nicolaus decreased their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective on the stock. Finally, Barclays decreased their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th.

Lamb Weston Stock Performance

LW opened at $84.08 on Friday. Lamb Weston has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The company has a market cap of $12.14 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. The firm’s 50-day moving average price is $85.48 and its 200-day moving average price is $95.82.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company posted $1.43 EPS. Lamb Weston’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston will post 5.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Lamb Weston in the 4th quarter valued at about $93,553,000. Artemis Investment Management LLP boosted its position in shares of Lamb Weston by 117.2% in the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after purchasing an additional 663,985 shares during the period. APG Asset Management US Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter valued at about $56,699,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Lamb Weston by 121.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock valued at $69,014,000 after purchasing an additional 409,810 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Lamb Weston by 104.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock valued at $77,113,000 after purchasing an additional 364,851 shares during the period. 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.