Roth Capital Raises 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, MarketBeat.com reports. The brokerage currently has 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 cut shares of Mission Produce from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mission Produce presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Mission Produce Stock Up 4.5%

Shares of AVO traded up $0.55 during mid-day trading on Tuesday, hitting $12.74. 769,639 shares of the company's stock were exchanged, compared to its average volume of 490,020. The company has a market cap of $899.69 million, a price-to-earnings ratio of 23.59 and a beta of 0.57. Mission Produce has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 2.04. The stock's 50-day moving average is $12.34 and its 200-day moving average is $11.37.

Institutional Investors Weigh In On Mission Produce

A number of large investors have recently modified their holdings of AVO. Millennium Management LLC increased its position in shares of Mission Produce by 153.3% in the 4th quarter. Millennium Management LLC now owns 453,757 shares of the company's stock valued at $6,520,000 after purchasing an additional 274,591 shares during the last quarter. Invesco Ltd. increased its stake in Mission Produce by 287.6% in the second quarter. Invesco Ltd. now owns 360,863 shares of the company's stock valued at $4,229,000 after purchasing an additional 267,752 shares during the last quarter. American Century Companies Inc. increased its stake in Mission Produce by 28.6% in the second quarter. American Century Companies Inc. now owns 861,139 shares of the company's stock valued at $10,093,000 after purchasing an additional 191,405 shares during the last quarter. Algert Global LLC increased its stake in Mission Produce by 221.5% in the first quarter. Algert Global LLC now owns 251,784 shares of the company's stock valued at $2,639,000 after purchasing an additional 173,472 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Mission Produce in the first quarter valued at approximately $1,339,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce Company Profile

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.