What Will Happen to Landec Corporation (LNDC) Next? The Stock Formed a Several Months Bullish Descending Triangle

December 8, 2017 - By Nellie Frank

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.24, from 1.15 in 2017Q1. It increased, 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.
Heartland Advsr has 0.86% invested in Landec Corporation (NASDAQ:LNDC). California Public Employees Retirement System reported 67,400 shares stake. Franklin has 2.74M shares for 0.02% of their portfolio. John G Ullman And Associate Inc has 1.08% invested in Landec Corporation (NASDAQ:LNDC). Voya Invest Limited Co has invested 0% in Landec Corporation (NASDAQ:LNDC). Granite Investment Prtnrs Ltd Com has invested 0.18% in Landec Corporation (NASDAQ:LNDC). Howe Rusling has invested 0% in Landec Corporation (NASDAQ:LNDC). Great West Life Assurance Co Can holds 0% or 2,600 shares. Northern Trust Corporation invested in 0% or 352,870 shares. Nationwide Fund Advsrs has 19,025 shares for 0% of their portfolio. Moreover, Boston Prtnrs has 0.01% invested in Landec Corporation (NASDAQ:LNDC). Pub Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Landec Corporation (NASDAQ:LNDC). Martingale Asset Mgmt Ltd Partnership has invested 0.01% in Landec Corporation (NASDAQ:LNDC). Goldman Sachs Group Incorporated holds 0% or 52,659 shares. 258,832 were reported by Pacific Ridge Partners Lc.

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 earnings per share, up 40.00 % or $0.02 from last year’s $0.05 per share. LNDC’s profit will be $1.93 million for 42.14 P/E if the $0.07 EPS becomes a reality. After $0.08 actual earnings per share 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 stock of Landec Corporation (NASDAQ:LNDC) has “Hold” rating given on Wednesday, July 26 by Wedbush. The stock of Landec Corporation (NASDAQ:LNDC) has “Buy” rating given on Wednesday, July 26 by Maxim Group. The rating was upgraded by Sidoti to “Buy” on Monday, January 25. On Tuesday, June 7 the stock rating was initiated by Maxim Group with “Buy”. The stock of Landec Corporation (NASDAQ:LNDC) has “Neutral” rating given on Friday, July 8 by Wedbush. The rating was maintained by Maxim Group on Tuesday, July 18 with “Buy”. The company was initiated on Wednesday, November 18 by Wunderlich.

More notable recent Landec Corporation (NASDAQ:LNDC) news were published by: Globenewswire.com which released: “Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates …” on March 28, 2017, also Globenewswire.com with their article: “Landec Corporation Provides Update on Impact from Extreme Weather Events” published on September 19, 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 Reports Fiscal First Quarter 2018 Results” published on September 26, 2017 as well as Seekingalpha.com‘s news article titled: “Landec Corporation’s (LNDC) CEO Molly Hemmeter on Q4 2017 Results – Earnings …” with publication date: July 26, 2017.

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