Lamb Weston Holdings Inc (NYSE: LW) – Time For Strategy Change?

Lamb Weston Holdings Inc (NYSE:LW) currently has a daily average trading volume of 3.22M but it saw 2293287 shares traded in last market. With a market cap of 9.55B USD, the company’s current market price of $66.50 came rising about 2.42 while comparing to the previous closing price of $64.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $111.88 and as low as $52.99. In the recent trading on the day, stock has struck highest price mark of $65.6393 while lowest mark touched by it was $67.0.

Taking a look at 20-day trading activity of Lamb Weston Holdings Inc (LW) gives us an average price of $63.83, while its current price level is -40.56% below from 52-week high level whereas it is 25.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $62.74 while that of 200 days or SMA-200 reads an average of $86.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that increases to 2.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.95 which implies that the stock is in neutral territory.

TD Cowen downgraded its recommendation for the stock as a “Hold” from “Buy” on July 25, 2024 while assigning a price target range of $105-$61. Stifel also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $115 and $60.

Over the week, LW’s stock price is moving 1.36% up while it is 6.84% when we observe its performance for the past one month. Year-to-date it is -38.48% down and over the past year, the stock is showing a downside performance of -27.99%.

Currently, Lamb Weston Holdings Inc’s total number of outstanding shares is 143.67M. Company’s return on investment (ROI) stands at 13.58% and return on equity (ROE) at 45.36%. It has a price to earnings ratio (P/E ratio) of 13.36 while having a 13.20 of forward P/E ratio. Stock’s beta reads 0.75. Stock has a price to book (P/B) ratio of 5.34 while price to sale or P/S ratio amounts to 1.48. Its return on asset (ROA) is 10.45% on average.