The stock of Lamb Weston Holdings Inc (NYSE:LW) last traded at $59.52, up 5.85% from the previous session.
LW stock price is now -27.04% away from the 50-day moving average and -36.11% away from the 200-day moving average. The market capitalization of the company currently stands at $8.55B.
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On July 25, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $105 to quote $61, while ‘Stifel’ rates the stock as ‘Hold’
In other news, JURGENSEN WILLIAM G, Director bought 10,000 shares of the company’s stock on Jul 26 ’24. The stock was bought for $554,291 at an average price of $55.43. Upon completion of the transaction, the Director now directly owns 173,377 shares in the company, valued at $10.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’24, Director NIBLOCK ROBERT A bought 5,000 shares of the business’s stock. A total of $277,476 was incurred on buying the stock at an average price of $55.50. This leaves the insider owning 20,805 shares of the company worth $1.24 million. A total of 1.89% of the company’s stock is owned by insiders.
During the past 12 months, Lamb Weston Holdings Inc has had a low of $52.99 and a high of $111.88. As of last week, the company has a debt-to-equity ratio of 2.22, a current ratio of 1.29, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $11975300096, which is based on a 11.96 price-to-earnings ratio, a 0.82 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for LW is $81.0288 and a two-hundred day moving average price translates $92.9945 for the stock.
The latest earnings results from Lamb Weston Holdings Inc (NYSE: LW) was released for 2024-05-26. The net profit margin was 11.22% and return on equity was 45.36% for LW. The company reported revenue of $1.61 billion for the quarter, compared to $1.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.9 percent.
