Calavo Growers Stock Rating Lowered by Wedbush (CVGW)
Calavo Growers (NASDAQ:CVGW) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Calavo Growers from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $38.30 price target on the stock. 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.
Calavo Growers (NASDAQ:CVGW) opened at 39.13 on Friday. Calavo Growers has a 1-year low of $24.54 and a 1-year high of $39.48. The stock’s 50-day moving average is $35.13 and its 200-day moving average is $33.00. The company has a market cap of $616.7 million and a P/E ratio of 25.29.
Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Monday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Calavo Growers will post $1.56 earnings per share for the current fiscal year.
Calavo Growers, Inc (NASDAQ:CVGW) is a provider of value-added fresh food.
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