Barclays Issues Pessimistic Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its target price reduced by analysts at Barclays from $87.00 to $69.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price target suggests a potential upside of 11.13% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Stifel Nicolaus dropped their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a research report on Friday. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $81.00.

Lamb Weston Price Performance

NYSE:LW opened at $62.09 on Monday. The business’s 50-day moving average is $76.76 and its 200 day moving average is $72.39. Lamb Weston has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a market capitalization of $8.85 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.34 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company earned $1.45 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. On average, equities research analysts forecast that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crewe Advisors LLC increased its position in shares of Lamb Weston by 357.5% during 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. City State Bank increased its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Northwest Investment Counselors LLC bought a new stake in Lamb Weston during the 3rd quarter valued at $29,000. Key Financial Inc lifted its holdings in shares of Lamb Weston by 3,825.0% in the 2nd quarter. Key Financial Inc now owns 471 shares of the specialty retailer’s stock worth $40,000 after buying an additional 459 shares during the period. Finally, Riverview Trust Co bought a new position in shares of Lamb Weston during the 3rd quarter worth $35,000. Institutional investors own 89.56% of the company’s stock.

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.