Calavo Growers (CVGW) Earning Somewhat Positive Press Coverage, Analysis Shows

Headlines about Calavo Growers (NASDAQ:CVGW) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Calavo Growers earned a news sentiment score of 0.06 on AlphaOne’s scale. AlphaOne also gave media headlines about the company an impact score of 90 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted AlphaOne’s analysis:

Several analysts recently commented on CVGW shares. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Thursday, March 9th. Lake Street Capital lifted their target price on shares of Calavo Growers from $71.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of Calavo Growers in a report on Friday, December 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $72.60.

Shares of Calavo Growers (NASDAQ:CVGW) traded up 0.54% during mid-day trading on Thursday, reaching $65.35. 157,266 shares of the company’s stock traded hands. The firm has a 50-day moving average of $59.73 and a 200 day moving average of $59.64. Calavo Growers has a 12-month low of $48.75 and a 12-month high of $71.48. The company has a market cap of $1.15 billion, a P/E ratio of 30.97 and a beta of 0.54.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, March 7th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.10. Calavo Growers had a net margin of 4.06% and a return on equity of 18.36%. The firm earned $226.60 million during the quarter, compared to the consensus estimate of $240.27 million. During the same quarter last year, the business posted $0.37 earnings per share. Calavo Growers’s revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Calavo Growers will post $2.35 EPS for the current year.

In other news, VP Michael A. Browne acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $111,000.00. Following the completion of the transaction, the vice president now owns 18,156 shares of the company’s stock, valued at $1,007,658. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Lecil E. Cole acquired 42,942 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was purchased at an average price of $61.78 per share, with a total value of $2,652,956.76. Following the completion of the transaction, the chairman now directly owns 604,923 shares of the company’s stock, valued at approximately $37,372,142.94. The disclosure for this purchase can be found here. Insiders bought 139,942 shares of company stock valued at $8,123,857 over the last 90 days. 10.20% of the stock is owned by company insiders.

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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).

5 Day Chart for NASDAQ:CVGW

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