Media coverage about Calavo Growers (NASDAQ:CVGW) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calavo Growers earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6204362840513 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have recently issued reports on CVGW. BidaskClub downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Lake Street Capital restated a “buy” rating and set a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a report on Wednesday, December 20th. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Stephens upped their target price on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Calavo Growers has an average rating of “Buy” and a consensus target price of $88.00.
Calavo Growers (NASDAQ:CVGW) remained flat at $$83.85 during trading on Friday. The company had a trading volume of 139,213 shares, compared to its average volume of 203,630. Calavo Growers has a one year low of $48.75 and a one year high of $90.85. The firm has a market cap of $1,470.14, a PE ratio of 39.37 and a beta of 0.68.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The business had revenue of $277.20 million for the quarter, compared to analyst estimates of $297.40 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. equities analysts expect that Calavo Growers will post 2.86 earnings per share for the current year.
In other news, insider James E. Gibson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total transaction of $791,400.00. Following the transaction, the insider now owns 61,991 shares in the company, valued at approximately $4,905,967.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Laurence Brown sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $85.05, for a total value of $85,050.00. Following the transaction, the director now owns 9,600 shares in the company, valued at approximately $816,480. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Calavo Growers (NASDAQ:CVGW) Receiving Somewhat Favorable Press Coverage, Report Finds” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://ledgergazette.com/2018/02/12/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-calavo-growers-cvgw-stock-price.html.
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).
Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.