Analysts Update Their Price Forecasts For Lamb Weston Holdings Inc (LW)

Lamb Weston Holdings Inc (LW) concluded trading on Wednesday at a closing price of $101.12, with 3.64 million shares of worth about $367.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.64% during that period and on April 3, 2024 the price saw a loss of about -2.59%. Currently the company’s common shares owned by public are about 145.67M shares, out of which, 141.42M shares are available for trading.

However, the stock later moved at a day high price of 101.27, or with a loss of -2.59%. Stock saw a price change of -4.24% in past 5 days and over the past one month there was a price change of -1.10%. Year-to-date (YTD), LW shares are showing a performance of -6.45% which decreased to -3.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.25 but also hit the highest price of $117.38 during that period. The average intraday trading volume for Lamb Weston Holdings Inc shares is 1.58 million. The stock is currently trading -2.00% below its 20-day simple moving average (SMA20), while that difference is down -2.03% for SMA50 and it goes to -0.22% lower than SMA200.

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Lamb Weston Holdings Inc (NYSE: LW) currently have 145.67M outstanding shares and institutions hold larger chunk of about 90.29% of that.

The stock has a current market capitalization of $14.60B and its 3Y-monthly beta is at 0.74. PE ratio of stock for trailing 12 months is 13.16, while it has posted earnings per share of $7.69 in the same period. Its PEG reads 0.78 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 2.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LW, volatility over the week remained 2.26% while standing at 2.24% over the month.

Stock’s fiscal year EPS is expected to rise by 28.91% while it is estimated to increase by 10.60% in next year. EPS is likely to shrink at an annualized rate of 16.80% for next 5-years, compared to annual growth of 19.79% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on March 11, 2024 offering an Outperform rating for the stock and assigned a target price of $128 to it. Coverage by Citigroup stated Lamb Weston Holdings Inc (LW) stock as a Buy in their note to investors on February 01, 2024, suggesting a price target of $132 for the stock. On December 12, 2023, Wells Fargo Initiated their recommendations, while on September 13, 2023, TD Cowen Initiated their ratings for the stock with a price target of $125. Stock get a Buy rating from Goldman on September 05, 2023.

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