Fresh Del Monte Produce Price Target Lowered to $33.00 at Janney Montgomery Scott (FDP)
Janney Montgomery Scott reduced their price objective on shares of Fresh Del Monte Produce (NYSE:FDP) from $34.00 to $33.00 in a research note issued on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s price objective points to a potential upside of 23.97% from the stock’s previous close.
FDP has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Fresh Del Monte Produce from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $33.60 price target on the stock.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded up 0.11% on Wednesday, hitting $26.62. 584,512 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 $29.63 and a 200-day moving average of $28.2. The company has a market cap of $1.474 billion and a P/E ratio of 12.18.
Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $861.10 million for the quarter, compared to the consensus estimate of $800.55 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that Fresh Del Monte Produce will post $1.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, November 8th.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
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