Jefferies analyst Akshay Jagdale reiterated a Buy rating on Lamb Weston Holdings (NYSE: LW) today and set a price target of $53. The company’s shares closed yesterday at $43.94, close to its 52-week high of $44.71.
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.5% and a 52.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and McCormick & Company.
Lamb Weston Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $48.50.
Based on Lamb Weston Holdings’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $769 million and quarterly net profit of $83.5 million. In comparison, last year the company earned revenue of $729 million and had a net profit of $108 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lamb Weston Holdings, Inc. produce, provides, and markets value-added frozen potato products. It operates through the following segments: Global, Foodservice, Retail, and Other. The Global segment includes sales to retail and foodservice customers outside the United States and Canada and the results of operations associated with Lamb Weston’s business with very large chain restaurant customers, whether those results are generated in the United States or abroad. The Foodservice segment covers sales to broad line foodservice distribution customers in the United States and Canada. The Retail segment comprised of sales to grocery, mass, club, and specialty retailers primarily in the United States. The Other segment comprises consolidated results of operations from Lamb Weston’s frozen vegetable business and dairy business and equity method earnings from Lamb Weston’s unconsolidated joint ventures, Lamb Weston Meijer and Lamb Weston RDO. The company was founded on July 5, 2016 and is headquartered in Chicago, IL.