Roth Capital Boosts Mission Produce (NASDAQ:AVO) Price Target to $17.00

Key Points

• Roth Capital has raised its target price for Mission Produce (NASDAQ: AVO) from $16.00 to $17.00, indicating a potential upside of 30.57% based on the current stock price.
• In contrast, Zacks Research downgraded Mission Produce from a "strong-buy" to a "hold" rating, contributing to a mixed sentiment among analysts.
• Institutional investors currently hold 63.57% of Mission Produce's stock, with several firms increasing their positions significantly in recent quarters.

Mission Produce (NASDAQ:AVO - Free Report) had its price target boosted by Roth Capital from $16.00 to $17.00 in a research report sent to investors on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock. Roth Capital also issued estimates for Mission Produce's Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.59 EPS and FY2026 earnings at $0.40 EPS.

Separately, Zacks Research downgraded Mission Produce from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Mission Produce Stock Up 4.5%

NASDAQ AVO traded up $0.55 during trading on Tuesday, hitting $12.74. 769,639 shares of the company traded hands, compared to its average volume of 490,020. Mission Produce has a 12 month low of $9.56 and a 12 month high of $15.25. The business has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $11.37. The company has a market capitalization of $899.70 million, a P/E ratio of 23.59 and a beta of 0.57. The company has a current ratio of 2.04, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25.

Institutional Trading of Mission Produce

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mission Produce by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,733 shares of the company's stock worth $355,000 after buying an additional 900 shares during the period. Bank of America Corp DE increased its position in Mission Produce by 1.0% during the fourth quarter. Bank of America Corp DE now owns 102,193 shares of the company's stock worth $1,469,000 after acquiring an additional 1,003 shares during the period. PNC Financial Services Group Inc. increased its position in Mission Produce by 123.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company's stock worth $31,000 after acquiring an additional 1,628 shares during the period. The Manufacturers Life Insurance Company raised its stake in Mission Produce by 12.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,598 shares of the company's stock valued at $218,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Mission Produce by 24.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,198 shares of the company's stock valued at $143,000 after purchasing an additional 2,412 shares during the period. Institutional investors own 63.57% of the company's stock.

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.