Fresh Del Monte Produce Downgraded to “Neutral” at Zacks (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. They currently have a $32.60 price objective on the stock. Zacks‘s price target indicates a potential upside of 6.78% from the stock’s previous close.
Separately, analysts at TheStreet upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded down 0.88% during mid-day trading on Monday, hitting $30.26. The stock had a trading volume of 72,642 shares. Fresh Del Monte Produce has a 52-week low of $24.00 and a 52-week high of $31.19. The stock’s 50-day moving average is $29.48 and its 200-day moving average is $27.79. The company’s market cap is $1.684 billion.
Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.38. The company had revenue of $982.30 million for the quarter, compared to the consensus estimate of $946.50 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Fresh Del Monte Produce will post $2.18 EPS for the current fiscal year.
In other Fresh Del Monte Produce news, SVP Emanuel Lazopoulos unloaded 5,396 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.72, for a total value of $165,765.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
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