Dole (NYSE:DOLE) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Dole (NYSE:DOLE)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Monday, Marketbeat.com reports. They presently have a $15.00 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 1.97% from the company’s current price.

A number of other brokerages have also recently issued reports on DOLE. Wall Street Zen cut Dole from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dole in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.50.

Dole Price Performance

Dole stock opened at $14.71 on Monday. The business’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $14.45. Dole has a 12 month low of $12.52 and a 12 month high of $16.57. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.20 and a beta of 0.64. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Dole (NYSE:DOLE) last issued its earnings results on Wednesday, February 25th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Dole had a return on equity of 7.81% and a net margin of 0.56%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts forecast that Dole will post 1.19 EPS for the current year.

Institutional Trading of Dole

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Dole by 190.2% in the 4th quarter. Signaturefd LLC now owns 1,680 shares of the company’s stock worth $25,000 after purchasing an additional 1,101 shares during the period. Osaic Holdings Inc. grew its holdings in Dole by 120.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after buying an additional 1,004 shares in the last quarter. Westfuller Advisors LLC bought a new stake in shares of Dole during the third quarter valued at about $49,000. State of Alaska Department of Revenue bought a new stake in shares of Dole during the third quarter valued at about $50,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Dole by 269.0% in the second quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after buying an additional 2,709 shares in the last quarter.

About Dole

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.