Calavo Growers (CVGW) Receiving Somewhat Positive Press Coverage, Report Finds
News coverage about Calavo Growers (NASDAQ:CVGW) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Calavo Growers earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2048327572626 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CVGW has been the topic of several recent research reports. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Lake Street Capital reissued a “buy” rating and issued a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Stephens lifted their price target on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Calavo Growers presently has a consensus rating of “Buy” and a consensus price target of $88.00.
Shares of Calavo Growers (NASDAQ:CVGW) opened at $88.50 on Monday. Calavo Growers has a 12 month low of $48.75 and a 12 month high of $89.55. The stock has a market capitalization of $1,550.00, a PE ratio of 41.55 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The firm had revenue of $277.20 million for the quarter, compared to the consensus estimate of $297.40 million. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. equities research analysts anticipate that Calavo Growers will post 2.86 earnings per share for the current year.
In other news, insider James E. Snyder sold 750 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total value of $52,642.50. Following the completion of the transaction, the insider now owns 11,095 shares in the company, valued at approximately $778,758.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc Laurence Brown sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $85.05, for a total value of $85,050.00. Following the completion of the transaction, the director now owns 9,600 shares of the company’s stock, valued at approximately $816,480. The disclosure for this sale can be found here. Insiders sold a total of 11,750 shares of company stock valued at $929,093 in the last 90 days. 9.90% of the stock is owned by corporate insiders.
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About Calavo Growers
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).
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