BB&T Lowers Calavo Growers to Hold (CVGW)

By admin | 6 years ago

Calavo Growers (NASDAQ: CVGW) was downgraded by equities research analysts at BB&T (NYSE: BBT) from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, analysts at Wedbush initiated coverage on shares of Calavo Growers in a research note to investors on Wednesday, April 11st. They set an “outperform” rating and a $34.00 price target on the stock.

Calavo Growers traded down 1.78% on Monday, hitting $28.18. Calavo Growers has a 1-year low of $18.24 and a 1-year high of $30.24. The company has a market cap of $416.7 million and a price-to-earnings ratio of 37.26.

Calavo Growers last released its earnings data on Monday, March 5th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.06. Calavo Growers’s revenue was up 28.6% compared to the same quarter last year. Analysts expect that Calavo Growers will post $0.59 EPS next quarter.

Calavo Growers, Inc. (Calavo) procures and markets avocados and other perishable commodities, and prepares and distributes processed avocado products.

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