Mission Produce's (AVO) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Mission Produce's stock (NASDAQ: AVO) amidst mixed opinions from other analysts.
• The consensus rating for Mission Produce currently stands at "Buy," with an average price target set at $17.00 following upgrades from various analysts.
• The company's stock recently traded at $11.62, with a market capitalization of $820.60 million and a debt-to-equity ratio of 0.25.

Mission Produce (NASDAQ:AVO - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on AVO. Zacks Research raised shares of Mission Produce from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Roth Capital increased their price target on shares of Mission Produce from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, Stephens initiated coverage on shares of Mission Produce in a research note on Friday, September 12th. They set an "overweight" rating and a $17.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $17.00.

Mission Produce Price Performance

AVO traded down $0.12 on Friday, hitting $11.62. 181,653 shares of the company were exchanged, compared to its average volume of 353,222. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 2.04. The business's fifty day moving average is $12.27 and its 200 day moving average is $11.65. Mission Produce has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The firm has a market capitalization of $820.60 million, a P/E ratio of 21.52 and a beta of 0.56.

Mission Produce (NASDAQ:AVO - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share for the quarter. Mission Produce had a net margin of 2.73% and a return on equity of 7.89%. The company had revenue of $261.40 million for the quarter. As a group, sell-side analysts anticipate that Mission Produce will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Mission Produce

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Mission Produce during the 3rd quarter valued at $33,000. SG Americas Securities LLC grew its holdings in Mission Produce by 132.9% during the 3rd quarter. SG Americas Securities LLC now owns 23,226 shares of the company's stock valued at $279,000 after purchasing an additional 13,252 shares in the last quarter. Diversified Trust Co grew its holdings in Mission Produce by 16.3% during the 3rd quarter. Diversified Trust Co now owns 15,149 shares of the company's stock valued at $182,000 after purchasing an additional 2,119 shares in the last quarter. Inspire Investing LLC acquired a new stake in Mission Produce during the 3rd quarter valued at $455,000. Finally, Wedge Capital Management L L P NC grew its holdings in Mission Produce by 9.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 99,067 shares of the company's stock valued at $1,191,000 after purchasing an additional 8,183 shares in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

About Mission Produce

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.