Zacks Downgrades Fresh Del Monte Produce to Neutral (FDP)
Fresh Del Monte Produce (NYSE:FDP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Stock Ratings Network reports. They currently have a $33.60 price objective on the stock. Zacks‘ target price indicates a potential upside of 14.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Fresh Del Monte Produce from $31.00 to $34.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Analysts at CL King upgraded shares of Fresh Del Monte Produce from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 31st.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded up 0.45% on Monday, hitting $29.26. 100,080 shares of the company’s stock traded hands. Fresh Del Monte Produce has a 52-week low of $24.28 and a 52-week high of $30.82. The stock has a 50-day moving average of $29.65 and a 200-day moving average of $27.9. The company has a market cap of $1.621 billion and a P/E ratio of 13.34.
Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.21. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $955.55 million. During the same quarter last year, the company posted $1.01 earnings per share. Fresh Del Monte Produce’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Fresh Del Monte Produce will post $2.11 earnings per share for the current fiscal year.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
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