Roth Capital Reiterates Buy On Landec Shares, $18 PT
In a research report issued today, Roth Capital analyst Anton Brenner reiterated a Buy rating on Landec (NASDAQ:LNDC) with a price target of $18.00.
Brenner noted, “With the rapid growth of Apio’s vegetable salads and increasing ownership of Windset Farms, Landec is transitioning from a commodities processor to a branded consumer packaged goods company with a health and wellness focus. At 11.9x estimated F2016 EPS, LNDC’s valuation does not recognize this transition in our view. We reiterate our Buy recommendation.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 8.2% and a 55.9% success rate. Brenner has an -0.9% average return when recommending LNDC, and is ranked #639 out of 3337 analysts.