Goldman Sachs Group, Inc. (The) Begins Coverage on Lamb Weston Holdings Inc. (LW)

Goldman Sachs Group, Inc. (The) initiated coverage on shares of Lamb Weston Holdings Inc. (NYSE:LW) in a report released on Wednesday morning. The firm issued a neutral rating and a $38.00 target price on the stock.

Several other brokerages have also commented on LW. Zacks Investment Research raised shares of Lamb Weston Holdings from a hold rating to a strong-buy rating and set a $42.00 price objective for the company in a research report on Wednesday, February 1st. Jefferies Group LLC reaffirmed a buy rating and issued a $41.00 price objective on shares of Lamb Weston Holdings in a research report on Friday, December 23rd. Stifel Nicolaus reaffirmed a buy rating and issued a $38.00 price objective (up from $34.00) on shares of Lamb Weston Holdings in a research report on Wednesday, January 11th. Morgan Stanley reaffirmed an equal weight rating and issued a $32.00 price objective on shares of Lamb Weston Holdings in a research report on Saturday, November 26th. Finally, Bank of America Corporation began coverage on shares of Lamb Weston Holdings in a research report on Wednesday, November 16th. They issued a buy rating and a $34.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $37.71.

Analyst Recommendations for Lamb Weston Holdings (NYSE:LW)

Shares of Lamb Weston Holdings (NYSE:LW) opened at 39.43 on Wednesday. The stock has a market cap of $5.76 billion and a price-to-earnings ratio of 18.20. Lamb Weston Holdings has a 1-year low of $28.75 and a 1-year high of $39.80. The firm has a 50-day moving average of $37.47 and a 200 day moving average of $35.87.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings data on Tuesday, January 10th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The company earned $790.70 million during the quarter. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston Holdings will post $2.23 earnings per share for the current year.

“Goldman Sachs Group, Inc. (The) Begins Coverage on Lamb Weston Holdings Inc. (LW)” was first posted by sleekmoney and is the property of of sleekmoney. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this story can be viewed at http://sleekmoney.com/goldman-sachs-group-inc-the-begins-coverage-on-lamb-weston-holdings-inc-lw/1659342.html.

The firm also recently declared a special dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Monday, January 30th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, January 26th.

Institutional investors have recently bought and sold shares of the company. Keybank National Association OH acquired a new position in Lamb Weston Holdings during the fourth quarter worth about $201,000. Bessemer Group Inc. purchased a new position in Lamb Weston Holdings during the fourth quarter valued at $202,000. Honkamp Krueger Financial Services Inc. ADV purchased a new position in Lamb Weston Holdings during the fourth quarter valued at $258,000. PEAK6 Investments L.P. purchased a new position in Lamb Weston Holdings during the fourth quarter valued at $277,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Lamb Weston Holdings during the fourth quarter valued at $288,000. 6.40% of the stock is owned by institutional investors.

About Lamb Weston Holdings

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

5 Day Chart for NYSE:LW

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/goldman-sachs-group-inc-the-begins-coverage-on-lamb-weston-holdings-inc-lw/1659342.html

Receive News & Ratings for Lamb Weston Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *