News coverage about Calavo Growers (NASDAQ:CVGW) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calavo Growers earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7056375372225 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Calavo Growers (CVGW) Set to Announce Quarterly Earnings on Monday (americanbankingnews.com)
- Calavo Growers, Inc. Chief Executive Officer Lee E. Cole Issues Statement Regarding Thomas Fire in Ventura & Santa Barbara Co… (ih.advfn.com)
- Calavo Growers (CVGW) Cut to “Hold” at BidaskClub (americanbankingnews.com)
- Calavo Growers, Inc. Chief Executive Officer Lee E. Cole Issues Statement Regarding Thomas Fire in Ventura and Santa Barbara Counties (markets.financialcontent.com)
- Calavo Growers, Inc. breached its 50 day moving average in a Bearish Manner : CVGW-US : December 8, 2017 (finance.yahoo.com)
Calavo Growers (CVGW) traded up $2.10 during trading on Tuesday, hitting $73.15. 247,767 shares of the stock traded hands, compared to its average volume of 158,553. The company has a market capitalization of $1,260.64, a PE ratio of 34.08 and a beta of 0.65. Calavo Growers has a 52-week low of $48.75 and a 52-week high of $77.89.
The company also recently declared an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.95 dividend. The ex-dividend date was Thursday, November 16th. This represents a dividend yield of 1.29%. This is a boost from Calavo Growers’s previous annual dividend of $0.90. Calavo Growers’s dividend payout ratio is presently 45.89%.
A number of equities analysts have issued reports on CVGW shares. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Tuesday, August 22nd. BidaskClub downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Buckingham Research cut their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Calavo Growers has an average rating of “Buy” and an average target price of $79.40.
In related news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total value of $52,642.50. Following the completion of the transaction, the insider now directly owns 11,095 shares in the company, valued at $778,758.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.90% of the company’s stock.
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Calavo Growers Company Profile
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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