NASDAQ:CVGW

Calavo Growers (CVGW) Stock Forecast, Price & News

$25.37

-0.56 (-2.16%)

(As of 09/27/2023 ET)

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Today's Range: $25.25
▼
$26.27
50-Day Range: $25.37
▼
$38.26
52-Week Range: $22.64
▼
$38.97

Volume: 102,400 shs
Average Volume: 228,884 shs
Market Capitalization: $450.57 million

P/E Ratio: N/A
Dividend Yield: 1.58%
Price Target: $40.00

Calavo Growers MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 57.7% Upside
$40.00 Price Target
Short Interest: Healthy
3.65% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.91
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
$1.20 M Bought Last Quarter
Proj. Earnings Growth: 172.41%
From $0.58 to $1.58 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.04 out of 5 stars

Consumer Staples Sector

12th out of 130 stocks

Agricultural Services Industry

1st out of 3 stocks

3.3

Analyst's Opinion

Consensus Rating
Calavo Growers has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $40.00, Calavo Growers has a forecasted upside of 57.7% from its current price of $25.37.
Amount of Analyst Coverage
Calavo Growers has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.65% of the float of Calavo Growers has been sold short.
Short Interest Ratio / Days to Cover
Calavo Growers has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Calavo Growers has recently decreased by 10.66%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Calavo Growers pays a meaningful dividend of 1.52%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Calavo Growers does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Calavo Growers will have a dividend payout ratio of 25.32% next year. This indicates that Calavo Growers will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVGW.

3.8

News and Social Media Coverage

News Sentiment
Calavo Growers has a news sentiment score of 0.91. 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 higher news sentiment than the 0.64 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Calavo Growers this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for CVGW on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
2 people have added Calavo Growers to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calavo Growers insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,195,186.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.50% of the stock of Calavo Growers is held by insiders.
Percentage Held by Institutions
81.40% of the stock of Calavo Growers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Calavo Growers are expected to grow by 172.41% in the coming year, from $0.58 to $1.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calavo Growers is -115.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calavo Growers is -115.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Calavo Growers has a P/B Ratio of 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Calavo Growers (NASDAQ:CVGW) Stock

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through two segments, Grown and Prepared. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia. The Prepared segment is involved in the distribution of prepared avocado products, salsa, fresh-cut fruit and vegetables, fresh prepared entrees salads, wraps, sandwiches, parfaits, and fresh snacking products, as well as ready-to-heat entrees, other hot bars and various deli items, meals kit components, and salad kits. The company offers its products under the Calavo brands and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, RIPE NOW!, Renaissance Food Group, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

CVGW Price History

30 days | 90 days | 365 days | Advanced Chart

CVGW Stock News Headlines

September 28, 2023 | americanbankingnews.com

Reviewing Inspire Veterinary Partners (NASDAQ:IVP) and Calavo Growers (NASDAQ:CVGW)

September 28, 2023 | americanbankingnews.com

Financial Analysis: Inspire Veterinary Partners (NASDAQ:IVP) vs. Calavo Growers (NASDAQ:CVGW)

September 28, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.

September 26, 2023 | finance.yahoo.com

Calavo Growers Inc's Dividend Analysis: A Look at Upcoming Payments and Sustainability

September 24, 2023 | americanbankingnews.com

Calavo Growers (NASDAQ:CVGW) Lifted to "Hold" at StockNews.com

September 23, 2023 | americanbankingnews.com

StockNews.com Upgrades Calavo Growers (NASDAQ:CVGW) to "Hold"

September 22, 2023 | benzinga.com

Calavo Growers's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

September 21, 2023 | americanbankingnews.com

Contrasting Calavo Growers (NASDAQ:CVGW) and Inspire Veterinary Partners (NASDAQ:IVP)

September 28, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

September 12, 2023 | markets.businessinsider.com

Lake Street Keeps Their Buy Rating on Calavo Growers (CVGW)

September 12, 2023 | msn.com

Calavo Growers: Investors Should Not Panic

September 12, 2023 | seekingalpha.com

Calavo Growers: Restarting Turnaround From Scratch

September 8, 2023 | msn.com

Lake Street Maintains Calavo Growers (CVGW) Buy Recommendation

September 7, 2023 | finance.yahoo.com

Why Calavo Growers Stock Took Off on Thursday

September 6, 2023 | finance.yahoo.com

Calavo Growers, Inc. Announces Third Quarter 2023 Financial Results

September 5, 2023 | msn.com

Calavo Growers Q3 2023 Earnings Preview

September 5, 2023 | benzinga.com

Earnings Preview: Calavo Growers

August 20, 2023 | marketwatch.com

These 20 dividend stocks have been the best income growers in the S&P 500

July 21, 2023 | finance.yahoo.com

Calavo Growers CEO Lee Cole Bought Up Stock

July 21, 2023 | finance.yahoo.com

Calavo Growers Stock Soared This Week as Insiders Gobbled Up Shares

July 18, 2023 | markets.businessinsider.com

Over $2M Bet On Calavo Growers? Check Out These 3 Stocks Insiders Are Buying

July 17, 2023 | msn.com

Calavo Growers rips big gain after insider buying action

July 17, 2023 | msn.com

This Major Insider Continues Loading Calavo Growers’ Stock (NASDAQ:CVGW)

July 16, 2023 | finance.yahoo.com

CEO & President of Calavo Growers Lecil Cole Buys 17% More Shares

July 2, 2023 | finance.yahoo.com

Institutional owners may consider drastic measures as Calavo Growers, Inc.'s (NASDAQ:CVGW) recent US$54m drop adds to long-term losses

June 22, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Calavo Growers (CVGW) Stock?

June 21, 2023 | msn.com

Calavo Growers's Ex-Dividend Date Is Monday, Here's What You Need To Know

See More Headlines

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CVGW Company Calendar

Ex-Dividend for 7/11 Dividend: 6/26/2023
Dividend Payable: 7/11/2023
Last Earnings: 9/06/2023
Ex-Dividend for 10/11 Dividend: 9/26/2023
Today: 9/28/2023
Dividend Payable: 10/11/2023
Fiscal Year End: 10/31/2023
Next Earnings (Estimated): 12/19/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Agricultural services
Sub-Industry: Packaged Foods & Meats
Sector: Consumer Staples
Current Symbol: NASDAQ:CVGW
CUSIP: 12824610
CIK: 1133470
Web: www.calavo.com
Phone: (805) 525-1245
Fax: 805-921-3219
Employees: 3,266
Year Founded: 1924

Price Target and Rating

Average Stock Price Forecast: $40.00
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +57.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 43.74
P/E Growth: N/A
Net Income: $-6,250,000.00
Net Margins: -0.39%
Pretax Margin: 0.03%
Return on Equity: 2.85%
Return on Assets: 1.55%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 1.48
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $1.19 billion
Price / Sales: 0.38
Cash Flow: $1.38 per share
Price / Cash Flow: 18.35
Book Value: $12.34 per share
Price / Book: 2.06

Miscellaneous

Outstanding Shares: 17,760,000
Free Float: 17,139,000
Market Cap: $450.57 million
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. Shawn C. Munsell (Age 48)
Chief Financial Officer
Comp: $444.87k

Ms. Graciela Montgomery (Age 68)
Chief HR Officer
Comp: $434.91k

Mr. Ronald Anthony Araiza (Age 63)
Exec. VP of Calavo Foods Division
Comp: $509.29k

Mr. Lecil E. Cole (Age 83)
CEO & Pres

Mr. Michael A. Browne (Age 64)
Exec. VP of Sales & Operations

Ms. Lisa Mueller
Sr. VP

Paul Alan Harrison
Exec. VP

Mr. Scott H. Runge
Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVGW Stock - Frequently Asked Questions

Should I buy or sell Calavo Growers stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Calavo Growers in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVGW shares.
View CVGW analyst ratings or view top-rated stocks.
What is Calavo Growers' stock price forecast for 2023?: 2 Wall Street research analysts have issued 12-month price objectives for Calavo Growers' stock. Their CVGW share price forecasts range from $35.00 to $45.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 57.7% from the stock's current price.
View analysts price targets for CVGW or view top-rated stocks among Wall Street analysts.
How have CVGW shares performed in 2023?: Calavo Growers' stock was trading at $29.40 at the start of the year. Since then, CVGW shares have decreased by 13.7% and is now trading at $25.37.
View the best growth stocks for 2023 here.
Are investors shorting Calavo Growers?: Calavo Growers saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 607,400 shares, a drop of 10.7% from the August 31st total of 679,900 shares. Based on an average daily trading volume, of 163,200 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.7% of the shares of the company are sold short.
View Calavo Growers' Short Interest.
When is Calavo Growers' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
View our CVGW earnings forecast.
How were Calavo Growers' earnings last quarter?: Calavo Growers, Inc. (NASDAQ:CVGW) issued its quarterly earnings data on Wednesday, September, 6th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.10. The firm earned $259.90 million during the quarter, compared to analyst estimates of $280.77 million. Calavo Growers had a positive trailing twelve-month return on equity of 2.85% and a negative net margin of 0.39%. The firm's revenue for the quarter was down 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS.
How often does Calavo Growers pay dividends? What is the dividend yield for Calavo Growers?: Calavo Growers announced a quarterly dividend on Friday, September 1st. Shareholders of record on Wednesday, September 27th will be given a dividend of $0.10 per share on Wednesday, October 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, September 26th.
Read our dividend analysis for CVGW.
What ETFs hold Calavo Growers' stock?: ETFs with the largest weight of Calavo Growers (NASDAQ:CVGW) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Consumer Staples ETF (PSCC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).IQ Chaikin U.S. Small Cap ETF (CSML).

Is Calavo Growers a good dividend stock?: Calavo Growers (NASDAQ:CVGW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.52%.
Read our dividend analysis for CVGW.
What is Lee Cole's approval rating as Calavo Growers' CEO?: 7 employees have rated Calavo Growers Chief Executive Officer Lee Cole on Glassdoor.com. Lee Cole has an approval rating of 100% among the company's employees. This puts Lee Cole in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Calavo Growers own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Calavo Growers investors own include Micron Technology (MU), Netflix (NFLX), AT&T (T), Tesla (TSLA), UnitedHealth Group (UNH), Intel (INTC), NIKE (NKE), NVIDIA (NVDA), AbbVie (ABBV) and Caterpillar (CAT).
What is Calavo Growers' stock symbol?: Calavo Growers trades on the NASDAQ under the ticker symbol "CVGW."
Who are Calavo Growers' major shareholders?: Calavo Growers' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.72%), State Street Corp (3.62%), Clearbridge Investments LLC (3.60%), Dimensional Fund Advisors LP (3.23%), Kennedy Capital Management LLC (2.65%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include Donald M Sanders, James D Helin, Lecil E Cole, Michael A Browne, Michael Anthony Digregorio, Robert J Wedin and Steve Hollister.
View institutional ownership trends.
How do I buy shares of Calavo Growers?: Shares of CVGW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Calavo Growers' stock price today?: One share of CVGW stock can currently be purchased for approximately $25.37.
How much money does Calavo Growers make?: Calavo Growers (NASDAQ:CVGW) has a market capitalization of $450.57 million and generates $1.19 billion in revenue each year. The company earns $-6,250,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.
How many employees does Calavo Growers have?: The company employs 3,266 workers across the globe.
How can I contact Calavo Growers?: Calavo Growers' mailing address is 1141-A Cummings Road, SANTA PAULA CA, 93060. The official website for the company is www.calavo.com. The company can be reached via phone at (805) 525-1245, via email at calavo@finprofiles.com, or via fax at 805-921-3219.

This page (NASDAQ:CVGW) was last updated on 9/28/2023 by MarketBeat.com Staff

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