Calavo Growers, Inc. (CVGW) Sees Strong Trading Volume
Calavo Growers, Inc. (NASDAQ:CVGW) saw unusually-high trading volume on Tuesday . Approximately 164,981 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 83,416 shares.The stock last traded at $63.92 and had previously closed at $65.20.
CVGW has been the topic of several research reports. Stephens downgraded Calavo Growers from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Zacks Investment Research downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday. Lake Street Capital restated a “buy” rating on shares of Calavo Growers in a research report on Monday, June 6th. Wunderlich initiated coverage on Calavo Growers in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $75.00 target price on the stock. Finally, DA Davidson restated a “neutral” rating and issued a $56.00 target price on shares of Calavo Growers in a research report on Sunday, June 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $62.44.
The company’s 50 day moving average is $65.87 and its 200-day moving average is $58.26. The company has a market capitalization of $1.06 billion and a PE ratio of 35.91.
Calavo Growers (NASDAQ:CVGW) last released its earnings results on Monday, June 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.07. The business had revenue of $220.30 million for the quarter, compared to analyst estimates of $242.33 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts forecast that Calavo Growers, Inc. will post $2.00 EPS for the current year.
In other Calavo Growers news, Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $67.23, for a total transaction of $67,230.00. Following the transaction, the director now owns 10,750 shares in the company, valued at approximately $722,722.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald M. Sanders sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $52.50, for a total value of $420,000.00. Following the transaction, the director now owns 15,137 shares in the company, valued at approximately $794,692.50. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Calavo Growers stock. California State Teachers Retirement System raised its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,304 shares of the company’s stock after buying an additional 400 shares during the period. California State Teachers Retirement System owned about 0.16% of Calavo Growers worth $1,338,000 as of its most recent filing with the SEC.
Calavo Growers, Inc (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.