Calavo Growers, Inc. (NASDAQ:CVGW) Director Marc Laurence Brown sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the transaction, the director now owns 9,600 shares in the company, valued at approximately $816,480. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Calavo Growers, Inc. (NASDAQ CVGW) traded up $1.40 during trading on Friday, reaching $86.50. The company’s stock had a trading volume of 152,800 shares, compared to its average volume of 188,967. Calavo Growers, Inc. has a 12-month low of $48.75 and a 12-month high of $87.05. The company has a market cap of $1,520.00, a price-to-earnings ratio of 40.61 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The firm had revenue of $277.20 million for the quarter, compared to analyst estimates of $297.40 million. During the same quarter last year, the company earned $0.53 EPS. The company’s revenue was up 11.9% on a year-over-year basis. equities analysts anticipate that Calavo Growers, Inc. will post 2.82 earnings per share for the current year.
CVGW has been the topic of a number of recent research reports. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Lake Street Capital restated a “buy” rating and set a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Stephens raised their price objective on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.00.
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Calavo Growers Company Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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