Chiquita Brands International Rating Increased to Neutral at Zacks (CQB)
Chiquita Brands International (NYSE:CQB) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, AR Network reports. The firm currently has a $12.10 target price on the stock. Zacks‘s price objective suggests a potential upside of 6.42% from the stock’s previous close.
Chiquita Brands International (NYSE:CQB) traded down 3.64% on Tuesday, hitting $11.37. 386,946 shares of the company’s stock traded hands. Chiquita Brands International has a 52-week low of $8.30 and a 52-week high of $13.68. The stock’s 50-day moving average is $12.00 and its 200-day moving average is $11.20. The company’s market cap is $532.5 million.
Chiquita Brands International (NYSE:CQB) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.36. The company had revenue of $748.00 million for the quarter, compared to the consensus estimate of $723.70 million. During the same quarter in the previous year, the company posted ($7.20) earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that Chiquita Brands International will post $1.12 EPS for the current fiscal year.
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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