Chiquita Brands International Downgraded to “Neutral” at Zacks (CQB)
Chiquita Brands International (NYSE:CQB) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. They currently have a $14.70 price target on the stock. Zacks‘ price objective would suggest a potential upside of 9.38% from the stock’s previous close.
Shares of Chiquita Brands International (NYSE:CQB) traded up 0.15% on Tuesday, hitting $13.46. The stock had a trading volume of 429,868 shares. Chiquita Brands International has a 52 week low of $5.90 and a 52 week high of $13.52. The stock has a 50-day moving average of $12.44 and a 200-day moving average of $9.90. The company’s market cap is $626.2 million.
Chiquita Brands International (NYSE:CQB) last announced its earnings results on Thursday, August 8th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.20. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $821.40 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Chiquita Brands International will post $0.55 EPS for the current fiscal year.
CQB has been the subject of a number of other recent research reports. Analysts at Standpoint Research downgraded shares of Chiquita Brands International (NYSE:CQB) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th. Separately, analysts at BB&T Corp. upgraded shares of Chiquita Brands International (NYSE:CQB) from a “hold” rating to a “buy” rating in a research note to investors on Monday, June 24th. They now have a $15.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Chiquita Brands International (NYSE:CQB) from $11.00 to $16.00 in a research note to investors on Thursday, June 20th.
Chiquita Brands International, Inc (NYSE:CQB), along with its subsidiaries, is an international marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other brand names in 70 countries, and packaged salads sold under the Fresh Express and other brand names primarily in the United States.
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