Lamb Weston Holdings, Inc. (LW) Just Reaches All-Time High?

April 26, 2018 - By Marguerite Chambers

The stock of Lamb Weston Holdings, Inc. (NYSE:LW) reached all time high today, Apr, 26 and still has $71.85 target or 8.00 % above today’s $66.53 share price. This indicates more upside for the $9.73B company. This technical setup was reported by Barchart.com. If the $71.85 PT is reached, the company will be worth $778.32M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.03% or $0.68 during the last trading session, reaching $66.53. About 473,401 shares traded. Lamb Weston Holdings, Inc. (NYSE:LW) has risen 30.35% since April 26, 2017 and is uptrending. It has outperformed by 18.80% the S&P500.

Analysts await Lamb Weston Holdings, Inc. (NYSE:LW) to report earnings on July, 24. They expect $0.63 EPS, up 23.53 % or $0.12 from last year’s $0.51 per share. LW’s profit will be $92.13M for 26.40 P/E if the $0.63 EPS becomes a reality. After $0.91 actual EPS reported by Lamb Weston Holdings, Inc. for the previous quarter, Wall Street now forecasts -30.77 % negative EPS growth.

Lamb Weston Holdings, Inc. produces and markets value-added frozen potato products worldwide. The company has market cap of $9.73 billion. It operates through four divisions: Global, Foodservice, Retail, and Other. It has a 25.01 P/E ratio. The firm offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Lamb Weston Holdings, Inc. (NYSE:LW) Ratings Chart

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