TheStreet upgraded shares of Calavo Growers (NASDAQ:CVGW) from a c rating to a b- rating in a research note released on Monday.
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Calavo Growers from a buy rating to a hold rating in a research note on Saturday, December 1st. Zacks Investment Research raised shares of Calavo Growers from a sell rating to a hold rating in a research note on Wednesday, November 28th. Lake Street Capital set a $94.00 price target on shares of Calavo Growers and gave the stock a buy rating in a research note on Friday, December 21st. Finally, Stephens assumed coverage on shares of Calavo Growers in a research note on Tuesday, January 8th. They issued an overweight rating and a $88.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Calavo Growers presently has an average rating of Hold and a consensus price target of $93.33.
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CVGW stock opened at $85.22 on Monday. Calavo Growers has a 1 year low of $67.52 and a 1 year high of $108.00. The stock has a market capitalization of $1.45 billion, a P/E ratio of 34.22 and a beta of 0.94.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.24. Calavo Growers had a net margin of 2.70% and a return on equity of 17.32%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $257.86 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Calavo Growers’s revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Calavo Growers will post 3.12 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Calavo Growers by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 434,470 shares of the company’s stock worth $41,774,000 after purchasing an additional 40,580 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $471,000. Bessemer Group Inc. grew its holdings in shares of Calavo Growers by 37.3% during the 3rd quarter. Bessemer Group Inc. now owns 9,404 shares of the company’s stock worth $908,000 after purchasing an additional 2,554 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Calavo Growers by 48.8% during the 3rd quarter. Martingale Asset Management L P now owns 24,405 shares of the company’s stock worth $2,358,000 after purchasing an additional 8,000 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Calavo Growers by 3.3% during the 3rd quarter. BlackRock Inc. now owns 2,383,752 shares of the company’s stock worth $230,269,000 after purchasing an additional 77,148 shares in the last quarter. 88.26% of the stock is owned by institutional investors and hedge funds.
Calavo Growers Company Profile
Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.
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