Mission Produce (AVO) Stock Price, News & Analysis

Company Overview

Mission Produce, Inc. engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries. It also provides ripening, bagging, custom packing, logistical management, and quality assurance services. In addition, the company offers merchandising and promotional support, and insights on market trends, and training services. Mission Produce, Inc. was founded in 1983 and is headquartered in Oxnard, California.

Key Stats

• Today's Range: $13.26 to $13.58
• 50-Day Range: $9.74 to $13.52
• 52-Week Range: $8.19 to $13.62
• Volume: 785,497 shs
• Average Volume: 221,533 shs
• Market Capitalization: $943.10 million
• P/E Ratio: 53.20
• Dividend Yield: N/A
• Price Target: $14.33
• Consensus Rating: Buy

Mission Produce Stock Analysis - MarketRank™

Mission Produce scored higher than 88% of companies evaluated by MarketBeat, and ranked 22nd out of 150 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Mission Produce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mission Produce has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 50.00%

Earnings Growth

Earnings for Mission Produce are expected to grow by 50.00% in the coming year, from $0.16 to $0.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mission Produce is 53.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.27.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mission Produce is 53.20, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.71.

Price to Book Value per Share Ratio

Mission Produce has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.28% of the float of Mission Produce has been sold short.

Short Interest Ratio / Days to Cover

Mission Produce has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Mission Produce has recently decreased by 2.30%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Mission Produce does not currently pay a dividend.

Dividend Growth

Mission Produce does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.1 / 5
• Environmental Score: -3.70

Percentage of Shares Shorted

2.28% of the float of Mission Produce has been sold short.

Short Interest Ratio / Days to Cover

Mission Produce has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Mission Produce has recently decreased by 2.30%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

Mission Produce has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Mission Produce this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for AVO on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Mission Produce to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Mission Produce insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,594,035.00 in company stock.

Percentage Held by Insiders

41.60% of the stock of Mission Produce is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.57% of the stock of Mission Produce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVO Stock Analysis - Frequently Asked Questions

How have AVO shares performed this year?

Mission Produce's stock was trading at $10.09 at the beginning of the year. Since then, AVO shares have increased by 31.8% and is now trading at $13.30.
View the best growth stocks for 2024 here.

How were Mission Produce's earnings last quarter?

Mission Produce, Inc. (NASDAQ:AVO) issued its quarterly earnings results on Thursday, December, 21st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mission Produce's quarterly revenue was up 8.4% compared to the same quarter last year.

When did Mission Produce IPO?

Mission Produce (AVO) raised $150 million in an initial public offering (IPO) on Thursday, October 1st 2020. The company issued 9,400,000 shares at a price of $15.00-$17.00 per share. BofA Securities, JPMorgan and Citigroup served as the underwriters for the IPO and Roth Capital Partners, Stephens, Inc. and D.A. Davidson & Co. were co-managers.

Who are Mission Produce's major shareholders?

Mission Produce's top institutional investors include Nuance Investments LLC (4.25%), Dimensional Fund Advisors LP (1.87%), Raymond James & Associates (0.35%) and Marshall Wace LLP (0.30%). Insiders that own company stock include Taylor Family Investments, Llc, Luis A Gonzalez, Stephen J Barnard, Juan R Wiesner, Jay A Pack, Bryan E Giles and Bonnie Cruickshank Lind.
View institutional ownership trends.

How do I buy shares of Mission Produce?

Shares of AVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 12/21/2023
• Today: 9/20/2024
• Fiscal Year End: 10/31/2024
• Next Earnings (Estimated): 12/19/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Agricultural services
• Sub-Industry: Agriculture
• Current Symbol: NASDAQ:AVO
• CUSIP: N/A
• CIK: 1802974
• Web: www.worldsfinestavocados.com
• Phone: 805-981-3650
• Fax: N/A
• Employees: 3,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.33
• High Stock Price Target: $16.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +7.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.25
• Trailing P/E Ratio: 53.20
• Forward P/E Ratio: 83.13
• P/E Growth: N/A
• Net Income: $-2,800,000.00
• Net Margins: 2.06%
• Pretax Margin: 3.24%
• Return on Equity: 6.69%
• Return on Assets: 3.82%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 2.02
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: $1.14 billion
• Price / Sales: 0.83
• Cash Flow: $0.61 per share
• Price / Cash Flow: 21.93
• Book Value: $7.81 per share
• Price / Book: 1.70

Miscellaneous

• Outstanding Shares: 70,910,000
• Free Float: 41,411,000
• Market Cap: $943.10 million
• Optionable: Not Optionable
• Beta: 0.47