Calavo Growers Upgraded to “Outperform” by Zacks (CVGW)
Calavo Growers (NASDAQ:CVGW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $38.30 price target on the stock. Zacks‘s price target suggests a potential upside of 7.64% from the stock’s previous close.
Shares of Calavo Growers (NASDAQ:CVGW) opened at 35.58 on Friday. Calavo Growers has a one year low of $24.54 and a one year high of $36.96. The stock’s 50-day moving average is $34.30 and its 200-day moving average is $32.. The company has a market cap of $560.7 million and a price-to-earnings ratio of 22.86.
Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.06. The company had revenue of $194.90 million for the quarter, compared to the consensus estimate of $198.83 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Calavo Growers will post $1.56 EPS for the current fiscal year.
CVGW has been the subject of a number of other recent research reports. Analysts at Lake Street Capital initiated coverage on shares of Calavo Growers in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Analysts at Wedbush raised their price target on shares of Calavo Growers from $38.00 to $39.00 in a research note on Tuesday, June 3rd. They now have an “outperform” rating on the stock.
Calavo Growers, Inc (NASDAQ:CVGW) is a provider of value-added fresh food.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.