Landec Corporation (LNDC) Could Help Your Portfolio. The Stock Formed Descending Triangle

December 8, 2017 - By Migdalia James

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.24, from 1.15 in 2017Q1. It is positive, as 7 investors sold Landec Corporation shares while 26 reduced holdings. 20 funds opened positions while 26 raised stakes. 25.10 million shares or 0.75% more from 24.92 million shares in 2017Q1 were reported.
Us Bancorporation De owns 109 shares or 0% of their US portfolio. First Interstate State Bank reported 16,865 shares stake. Ariel Invests Limited Company invested in 0.09% or 517,637 shares. Fuller & Thaler Asset Management Incorporated reported 243,250 shares. Ameritas Inv Prns reported 3,587 shares or 0% of all its holdings. Alliancebernstein Ltd Partnership reported 16,200 shares. Wells Fargo Mn holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 208,645 shares. Howe Rusling holds 0% in Landec Corporation (NASDAQ:LNDC) or 275 shares. Employees Retirement Association Of Colorado reported 0% in Landec Corporation (NASDAQ:LNDC). Assetmark reported 0% of its portfolio in Landec Corporation (NASDAQ:LNDC). Cadence Cap Mngmt Lc reported 0.03% stake. Boston Prtnrs stated it has 0.01% in Landec Corporation (NASDAQ:LNDC). Thomson Horstmann & Bryant Incorporated owns 1.62% invested in Landec Corporation (NASDAQ:LNDC) for 845,439 shares. Moreover, Granite Invest Prns Limited Liability has 0.18% invested in Landec Corporation (NASDAQ:LNDC). Prudential Fincl has 13,714 shares for 0% of their portfolio.

The stock of Landec Corporation (LNDC) formed a descending triangle with $12.27 target or 4.00 % above today’s $11.80 share price. The 6 months triangle pattern indicates low risk for the $324.58 million company. If the $12.27 price target is reached, the company will be worth $12.98 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 1.29% or $0.15 during the last trading session, reaching $11.8. About 48,087 shares traded. Landec Corporation (NASDAQ:LNDC) has risen 17.05% since December 8, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

Analysts await Landec Corporation (NASDAQ:LNDC) to report earnings on January, 3. They expect $0.07 EPS, up 40.00 % or $0.02 from last year’s $0.05 per share. LNDC’s profit will be $1.93M for 42.14 P/E if the $0.07 EPS becomes a reality. After $0.08 actual EPS reported by Landec Corporation for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Landec Corporation (NASDAQ:LNDC) Ratings Coverage

Among 4 analysts covering Landec (NASDAQ:LNDC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Landec had 7 analyst reports since November 18, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, July 18 by Maxim Group. The firm earned “Buy” rating on Wednesday, November 18 by Wunderlich. Sidoti upgraded the stock to “Buy” rating in Monday, January 25 report. Maxim Group maintained the shares of LNDC in report on Wednesday, July 26 with “Buy” rating. The rating was initiated by Maxim Group with “Buy” on Tuesday, June 7. The firm has “Neutral” rating by Wedbush given on Friday, July 8. The stock has “Hold” rating by Wedbush on Wednesday, July 26.

More notable recent Landec Corporation (NASDAQ:LNDC) news were published by: Globenewswire.com which released: “Landec Corporation Reports Fiscal First Quarter 2018 Results” on September 26, 2017, also Seekingalpha.com with their article: “Landec Corporation’s (LNDC) CEO Molly Hemmeter on Q4 2017 Results – Earnings …” published on July 26, 2017, Marketwatch.com published: “Landec Corp.” on December 22, 2009. More interesting news about Landec Corporation (NASDAQ:LNDC) were released by: Globenewswire.com and their article: “Landec Corporation Provides Update on Impact from Extreme Weather Events” published on September 19, 2017 as well as Globenewswire.com‘s news article titled: “Landec Corporation Announces Strategic Acquisition of O Olive Oil to Expand …” with publication date: March 02, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.