Mission Produce - AVO Stock Forecast, Price & News

Mission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management. The company serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.

Mission Produce Trading Up 3.2 %

Shares of NASDAQ:AVO traded up $0.50 during midday trading on Friday, hitting $16.06. 3,126 shares of the stock traded hands, compared to its average volume of 74,266. The stock has a market capitalization of $1.13 billion, a PE ratio of 45.77, a P/E/G ratio of 2.35 and a beta of 0.14. The business's 50 day moving average is $14.54 and its two-hundred day moving average is $13.52. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.29. Mission Produce has a one year low of $11.04 and a one year high of $21.50.

Mission Produce (NASDAQ:AVO - Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.06. Mission Produce had a net margin of 2.48% and a return on equity of 4.91%. The firm had revenue of $278.10 million during the quarter, compared to the consensus estimate of $278.85 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company's quarterly revenue was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that Mission Produce will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TheStreet raised shares of Mission Produce from a "d+" rating to a "c-" rating in a research note on Tuesday, July 19th. Stephens boosted their price target on shares of Mission Produce to $17.00 in a research note on Thursday, June 9th.

Insider Activity at Mission Produce

In other Mission Produce news, CFO Bryan E. Giles sold 3,085 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.63, for a total value of $45,133.55. Following the sale, the chief financial officer now owns 73,957 shares in the company, valued at $1,081,990.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Mission Produce news, CFO Bryan E. Giles sold 3,085 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.63, for a total value of $45,133.55. Following the sale, the chief financial officer now owns 73,957 shares in the company, valued at $1,081,990.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bryan E. Giles sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $15.50, for a total transaction of $38,750.00. Following the sale, the chief financial officer now owns 73,957 shares in the company, valued at approximately $1,146,333.50. The disclosure for this sale can be found here. 43.70% of the stock is owned by corporate insiders.