Lamb Weston Holdings Inc [NYSE: LW] plunged by -$1.75 during the normal trading session on while it closed the day at $79.78. The company report on April 4, 2024 at 8:30 AM that Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook.
Third Quarter Fiscal 2024 Highlights.
GAAP and Non-GAAP results include a temporary, higher-than-expected impact from the transition to a new enterprise resource planning system in North America and a $25 million pre-tax charge(1) for the write-off of excess raw potatoes.
Lamb Weston Holdings Inc stock has also loss -25.11% of its value over the past 7 days. However, LW stock has declined by -24.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.84% and lost -26.19% year-on date.
The market cap for LW stock reached $11.52 billion, with 145.67 million shares outstanding and 141.43 million shares in the current float. Compared to the average trading volume of 1.87M shares, LW reached a trading volume of 9794337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Lamb Weston Holdings Inc [LW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LW shares is $114.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LW stock is a recommendation set at 1.23. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Lamb Weston Holdings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 11, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on February 01, 2024, representing the official price target for Lamb Weston Holdings Inc stock. Previously, the target price had yet another raise to $120, while Wells Fargo analysts kept a Overweight rating on LW stock.
The Average True Range (ATR) for Lamb Weston Holdings Inc is set at 3.71, with the Price to Sales ratio for LW stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 6.55, with the Price to Cash per share for the same quarter was set at 0.43.
LW stock trade performance evaluation
Lamb Weston Holdings Inc [LW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.11. With this latest performance, LW shares dropped by -22.12% in over the last four-week period, additionally sinking by -11.84% over the last 6 months – not to mention a drop of -22.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LW stock in for the last two-week period is set at 17.15, with the RSI for the last a single of trading hit 11.49, and the three-weeks RSI is set at 22.08 for Lamb Weston Holdings Inc [LW]. The present Moving Average for the last 50 days of trading for this stock 101.96, while it was recorded at 94.24 for the last single week of trading, and 100.94 for the last 200 days.
Lamb Weston Holdings Inc [LW]: An insightful look at the core fundamentals
Lamb Weston Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.52 and a Current Ratio set at 1.19.
Earnings per share (EPS) analysis for Lamb Weston Holdings Inc [LW] stock
With the latest financial reports released by the company, Lamb Weston Holdings Inc posted 1.22/share EPS, while the average EPS was predicted by analysts to be reported at 1.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lamb Weston Holdings Inc go to 14.60%.
Lamb Weston Holdings Inc [LW]: Institutional Ownership
The top three institutional holders of LW stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LW stock with ownership which is approximately 5.8386%.
