Mission Produce (NASDAQ:AVO) posted its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01, MarketWatch Earnings reports.
AVO stock traded down $0.64 during midday trading on Friday, reaching $21.24. The stock had a trading volume of 229 shares, compared to its average volume of 198,765. The firm has a market cap of $1.50 billion and a PE ratio of 28.05. The company has a current ratio of 2.74, a quick ratio of 2.18 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $20.08. Mission Produce has a 52-week low of $11.75 and a 52-week high of $22.40.
A number of research firms recently commented on AVO. Zacks Investment Research cut Mission Produce from a “buy” rating to a “hold” rating in a research report on Tuesday, March 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and set a $22.00 price target (up previously from $16.00) on shares of Mission Produce in a report on Monday, March 29th. Roth Capital boosted their price target on Mission Produce from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $22.00 price target on shares of Mission Produce in a report on Wednesday, March 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mission Produce has a consensus rating of “Buy” and an average price target of $19.57.
About Mission Produce
Mission Produce, Inc engages in sourcing, producing, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.
Featured Story: What are defining characteristics of a correction?
Receive News & Ratings for Mission Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mission Produce and related companies with MarketBeat.com's FREE daily email newsletter.