Calavo Growers, Inc. (NASDAQ:CVGW) had its target price dropped by research analysts at Buckingham Research from $83.00 to $82.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Buckingham Research’s target price suggests a potential upside of 16.07% from the stock’s previous close.

CVGW has been the topic of a number of other research reports. Stephens reiterated an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Calavo Growers in a report on Friday, June 9th. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “strong-buy” rating and set a $79.00 price target for the company in a research note on Wednesday, June 28th. Finally, BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Calavo Growers presently has a consensus rating of “Buy” and an average target price of $79.40.

Calavo Growers (NASDAQ CVGW) traded up 1.44% during midday trading on Friday, hitting $70.65. 172,433 shares of the company traded hands. The company has a market cap of $1.24 billion, a PE ratio of 30.73 and a beta of 0.62. The stock has a 50 day moving average price of $71.53 and a 200-day moving average price of $65.27. Calavo Growers has a 12-month low of $48.75 and a 12-month high of $76.85.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. The company had revenue of $270.20 million for the quarter, compared to the consensus estimate of $259.79 million. Calavo Growers had a return on equity of 18.38% and a net margin of 3.99%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Analysts expect that Calavo Growers will post $2.34 EPS for the current year.

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In other Calavo Growers news, Director Marc Laurence Brown sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.10, for a total transaction of $56,325.00. Following the completion of the sale, the director now owns 10,100 shares of the company’s stock, valued at $758,510. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen M. Holmgren bought 1,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $68.00 per share, with a total value of $68,000.00. Following the transaction, the director now directly owns 2,750 shares of the company’s stock, valued at $187,000. The disclosure for this purchase can be found here. 9.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Calavo Growers by 13.1% in the fourth quarter. Teachers Advisors LLC now owns 29,079 shares of the company’s stock valued at $1,785,000 after buying an additional 3,361 shares in the last quarter. Bank of Montreal Can boosted its stake in Calavo Growers by 33.9% in the first quarter. Bank of Montreal Can now owns 2,957 shares of the company’s stock valued at $179,000 after buying an additional 748 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Calavo Growers by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company’s stock valued at $382,000 after buying an additional 100 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Calavo Growers during the first quarter valued at $13,594,000. Finally, State of Alaska Department of Revenue boosted its stake in Calavo Growers by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 1,690 shares of the company’s stock valued at $102,000 after buying an additional 30 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

About Calavo Growers

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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