Deutsche Bank Aktiengesellschaft Begins Coverage on Lamb Weston (NYSE:LW)

Stock analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston (NYSE:LW) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $81.00 price target on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 2.16% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Stifel Nicolaus increased their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup raised their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average target price of $82.36.

Lamb Weston Trading Up 6.8 %

LW opened at $79.29 on Thursday. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The business has a 50 day simple moving average of $76.48 and a two-hundred day simple moving average of $73.05. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company 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 quarter in the prior year, the company earned $1.63 earnings per share. Analysts predict that Lamb Weston will post 4.26 EPS for the current year.

Institutional Inflows and Outflows

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

Lamb Weston Company Profile

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.