Barclays Reaffirms Their Buy Rating on Lamb Weston Holdings (LW)

Barclays analyst Andrew Lazar maintained a Buy rating on Lamb Weston Holdings today and set a price target of $46.00.

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Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, UTZ Brands, and The Hershey Company. According to TipRanks, Lazar has an average return of -0.7% and a 47.45% success rate on recommended stocks.

In addition to Barclays, Lamb Weston Holdings also received a Buy from Wells Fargo’s Marc Torrente in a report issued on April 2. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Lamb Weston Holdings (NYSE: LW).

Based on Lamb Weston Holdings’ latest earnings release for the quarter ending November 23, the company reported a quarterly revenue of $1.62 billion and a net profit of $62.1 million. In comparison, last year the company earned a revenue of $1.6 billion and had a GAAP net loss of $36.1 million

Based on the recent corporate insider activity of 64 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 LW in relation to earlier this year.