In a report released yesterday, Thomas Palmer from J.P. Morgan maintained a Hold rating on Mission Produce (AVO – Research Report), with a price target of $16.00. The company’s shares closed last Thursday at $14.68.
According to TipRanks.com, Palmer is a 3-star analyst with an average return of 6.2% and a 72.2% success rate. Palmer covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Bunge.
Currently, the analyst consensus on Mission Produce is a Moderate Buy with an average price target of $18.00.
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The company has a one-year high of $22.93 and a one-year low of $11.04. Currently, Mission Produce has an average volume of 154.9K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AVO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mission Produce Inc is engaged in the business of producing and distributing avocados. Also, the company provides additional services like ripening, bagging, custom packing and logistical management.
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