Maxim Group analyst Anthony Vendetti maintained a Buy rating on Landec Corp (LNDC) on July 30 and set a price target of $17. The company’s shares closed yesterday at $11.17.
Vendetti noted:
“Market close, LNDC reported F4Q19 (May) revenue and GAAP EPS inline with preannounced guidance. Management introduced better-than-expected FY20 revenue guidance compared to both our estimate and consensus, and GAAP EPS guidance inline with consensus and slightly above our estimate. Management also introduced F1Q20 (Aug) guidance and expects revenue to be $135M – $140M with a GAAP EPS loss of ($0.14) – ($0.16). The conference call is scheduled for tomorrow, 11am ET.”
According to TipRanks.com, Vendetti is a 5-star analyst with an average return of 10.5% and a 48.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
Currently, the analyst consensus on Landec Corp is a Moderate Buy with an average price target of $14.50.
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Landec Corp’s market cap is currently $326M and has a P/E ratio of 676.97. The company has a Price to Book ratio of 1.20.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNDC in relation to earlier this year. Most recently, in May 2019, Tonia Pankopf, a Director at LNDC bought 4,240 shares for a total of $42,018.
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Landec Corp. engages in the design, development, manufacture and sale of health and wellness products for food and biomaterials markets. It operates through the following segments: Packaged Fresh Vegetables, Biomaterials, and Other. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole, and fresh-cut fruit and vegetables.
