Shares of Calavo Growers, Inc. (NASDAQ:CVGW) have been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $93.33.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. TheStreet cut shares of Calavo Growers from a “b” rating to a “c” rating in a report on Thursday, January 3rd. Lake Street Capital set a $94.00 price target on shares of Calavo Growers and gave the stock a “buy” rating in a report on Friday, December 21st. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, Stephens began coverage on shares of Calavo Growers in a report on Tuesday, January 8th. They issued an “overweight” rating and a $88.00 price target for the company.
Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Calavo Growers by 26.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after buying an additional 204 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Calavo Growers by 797.7% during the third quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock valued at $111,000 after buying an additional 1,021 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Calavo Growers during the fourth quarter valued at about $95,000. Nisa Investment Advisors LLC grew its holdings in shares of Calavo Growers by 1,071.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock valued at $120,000 after buying an additional 1,500 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of Calavo Growers during the third quarter valued at about $206,000. Hedge funds and other institutional investors own 88.83% of the company’s stock.
NASDAQ:CVGW traded down $3.99 during trading hours on Friday, reaching $77.37. The company had a trading volume of 265,539 shares, compared to its average volume of 189,179. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.07 and a beta of 0.92. Calavo Growers has a twelve month low of $67.52 and a twelve month high of $108.00.
Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Thursday, December 20th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.78). The company had revenue of $280.00 million during the quarter, compared to analyst estimates of $275.82 million. Calavo Growers had a return on equity of 16.36% and a net margin of 2.96%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share.
About Calavo Growers
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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