In a report released on September 9, Thomas Palmer from J.P. Morgan maintained a Hold rating on Mission Produce (AVO – Research Report), with a price target of $17.00. The company’s shares closed last Friday at $15.58.
Palmer covers the Consumer Goods sector, focusing on stocks such as Darling Ingredients, Hormel Foods, and Lamb Weston Holdings. According to TipRanks, Palmer has an average return of 10.5% and a 65.22% success rate on recommended stocks.
Mission Produce has an analyst consensus of Hold, with a price target consensus of $17.00.
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Based on Mission Produce’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $278.1 million and a net profit of $2.4 million. In comparison, last year the company earned a revenue of $234.7 million and had a net profit of $7.4 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVO in relation to earlier this year. Most recently, in June 2022, Giles Bryan E, the CFO of AVO sold 3,085.00 shares for a total of $45,133.55.
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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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