In yesterday’s Wall Street session, Lamb Weston Holdings Inc (NYSE:LW) shares traded at $80.44, up 3.39% from the previous session.
LW stock price is now -20.68% away from the 50-day moving average and -20.17% away from the 200-day moving average. The market capitalization of the company currently stands at $11.61B.
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With the price target of $128, Exane BNP Paribas recently initiated with Outperform rating for Lamb Weston Holdings Inc (NYSE: LW). On February 01, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $132, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, JURGENSEN WILLIAM G, Director bought 3,000 shares of the company’s stock on Oct 16 ’23. The stock was bought for $253,050 at an average price of $84.35. Upon completion of the transaction, the Director now directly owns 162,835 shares in the company, valued at $13.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’23, GEN COUNSEL & CHIEF COMPL OFF Spytek Eryk J sold 6,319 shares of the business’s stock. A total of $652,310 was realized by selling the stock at an average price of $103.23. This leaves the insider owning 1,052 shares of the company worth $84622.88. A total of 2.05% of the company’s stock is owned by insiders.
During the past 12 months, Lamb Weston Holdings Inc has had a low of $77.41 and a high of $117.38. As of last week, the company has a debt-to-equity ratio of 2.21, a current ratio of 1.19, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $15.43B, which is based on a 10.75 price-to-earnings ratio, a 0.74 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for LW is $100.94 and a two-hundred day moving average price translates $100.59 for the stock.
The latest earnings results from Lamb Weston Holdings Inc (NYSE: LW) was released for Nov, 2023. According to the Packaged Foods Company, earnings per share came in at $1.2, missing analysts’ expectations of $1.45 by -0.25. This compares to $1.21 EPS in the same period last year. The net profit margin was 16.71% and return on equity was 88.53% for LW. The company reported revenue of $1.46 billion for the quarter, compared to $1.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.33 percent. For the current quarter, analysts expect LW to generate $1.71B in revenue.
