In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Landec (LNDC), with a price target of $15.00. The company’s shares closed last Tuesday at $7.96, close to its 52-week low of $7.53.
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 4.6% and a 47.6% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Milestone Scientific, Ra Medical Systems, and Sensus Healthcare.
Currently, the analyst consensus on Landec is a Strong Buy with an average price target of $13.67, a 51.9% upside from current levels. In a report released yesterday, Lake Street also maintained a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $12.46 and a one-year low of $7.53. Currently, Landec has an average volume of 163.3K.
Based on the recent corporate insider activity of 22 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.
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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: Curation Foods, Lifecore, and Others. The Curation Foods segment includes activities to market and pack specialty packaged whole and fresh-cut fruit and vegetables. The Lifecore segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is widely distributed in the extracellular matrix of connective tissues in both animals and humans. The Other segment consists of corporate general and administrative expenses, non-Curation Foods and non-Lifecore interest income, and income tax expenses. The company was founded by Ray Stewart on October 31, 1986 and is headquartered in Santa Clara, CA.