Headlines about Calavo Growers (NASDAQ:CVGW) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calavo Growers earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.9075439416219 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
CVGW has been the subject of a number of research reports. Zacks Investment Research raised shares of Calavo Growers from a “strong sell” rating to a “hold” rating in a report on Monday, May 15th. BidaskClub cut shares of Calavo Growers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Buckingham Research dropped their target price on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a report on Friday. Finally, Stephens reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Calavo Growers in a report on Friday, June 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Calavo Growers currently has an average rating of “Buy” and an average target price of $79.40.
Calavo Growers (CVGW) traded up 1.44% on Friday, hitting $70.65. 172,433 shares of the stock were exchanged. Calavo Growers has a 52-week low of $48.75 and a 52-week high of $76.85. The company has a 50-day moving average price of $71.53 and a 200-day moving average price of $65.27. The firm has a market cap of $1.24 billion, a PE ratio of 30.73 and a beta of 0.62.
Calavo Growers (NASDAQ:CVGW) last released its 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 company had revenue of $270.20 million during the quarter, compared to the consensus estimate of $259.79 million. Calavo Growers had a return on equity of 18.38% and a net margin of 3.99%. Calavo Growers’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities research analysts anticipate that Calavo Growers will post $2.34 EPS for the current fiscal year.
In related news, Director Kathleen M. Holmgren acquired 1,000 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $68.00 per share, for a total transaction of $68,000.00. Following the completion of the transaction, the director now owns 2,750 shares of the company’s stock, valued at approximately $187,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Marc Laurence Brown sold 750 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $758,510. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.
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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