Wells Fargo Remains a Buy on Lamb Weston Holdings (LW)

Wells Fargo analyst Marc Torrente maintained a Buy rating on Lamb Weston Holdings today and set a price target of $46.00.

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According to TipRanks, Torrente is an analyst with an average return of -19.9% and a 15.91% success rate. Torrente covers the Consumer Defensive sector, focusing on stocks such as Post Holdings, Freshpet, and MGP Ingredients.

In addition to Wells Fargo, Lamb Weston Holdings also received a Buy from Barclays’s Andrew Lazar in a report issued on April 6. However, yesterday, TipRanks – xAI reiterated a Hold rating on Lamb Weston Holdings (NYSE: LW).

Based on Lamb Weston Holdings’ latest earnings release for the quarter ending February 22, the company reported a quarterly revenue of $1.56 billion and a net profit of $54 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $146 million

Based on the recent corporate insider activity of 66 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. Earlier this month, Peter Bensen, a Director at LW bought 5,000.00 shares for a total of $197,200.00.