Calavo Growers, Inc. (NASDAQ:CVGW) had its price target dropped by stock analysts at Buckingham Research from $83.00 to $82.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Buckingham Research’s price target points to a potential upside of 17.73% from the stock’s current price.

A number of other analysts have also recently weighed in on CVGW. Zacks Investment Research cut shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Stephens restated an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Calavo Growers in a research note on Friday, June 9th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $79.40.

Shares of Calavo Growers (NASDAQ CVGW) traded down 0.50% on Friday, hitting $69.30. 27,302 shares of the company traded hands. The company has a market capitalization of $1.21 billion, a PE ratio of 30.14 and a beta of 0.62. Calavo Growers has a 12 month low of $48.75 and a 12 month high of $76.85. The stock’s 50-day moving average price is $71.49 and its 200-day moving average price is $65.16.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The firm had revenue of $270.20 million during the quarter, compared to analysts’ expectations of $259.79 million. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. Calavo Growers’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. On average, equities analysts predict that Calavo Growers will post $2.34 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/18/calavo-growers-inc-cvgw-price-target-cut-to-82-00.html.

In other news, Director Marc Laurence Brown sold 750 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total value of $56,325.00. Following the completion of the sale, the director now owns 10,100 shares in the company, valued at approximately $758,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen M. Holmgren bought 1,000 shares of Calavo Growers stock in a transaction dated Thursday, July 6th. The stock was purchased at an average price of $68.00 per share, with a total value of $68,000.00. Following the purchase, the director now directly owns 2,750 shares in the company, valued at approximately $187,000. The disclosure for this purchase can be found here. 9.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CVGW. Wells Fargo & Company MN increased its position in shares of Calavo Growers by 14.3% in the first quarter. Wells Fargo & Company MN now owns 99,499 shares of the company’s stock worth $6,029,000 after buying an additional 12,437 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Calavo Growers by 1.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 52,482 shares of the company’s stock worth $3,180,000 after buying an additional 650 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of Calavo Growers during the first quarter worth about $3,726,000. Russell Investments Group Ltd. increased its position in shares of Calavo Growers by 126.3% in the first quarter. Russell Investments Group Ltd. now owns 70,282 shares of the company’s stock worth $4,259,000 after buying an additional 39,221 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Calavo Growers by 2.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 570,000 shares of the company’s stock worth $34,542,000 after buying an additional 12,420 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Receive News & Ratings for Calavo Growers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.