In a report released today, Ben Klieve from Lake Street reiterated a Buy rating on Calavo Growers (CVGW – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $33.87.
According to TipRanks, Klieve is a 5-star analyst with an average return of 12.0% and a 44.91% success rate. Klieve covers the Basic Materials sector, focusing on stocks such as Bioceres Crop Solutions, MGP Ingredients, and S&W Seed Company.
Calavo Growers has an analyst consensus of Moderate Buy, with a price target consensus of $50.00.
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The company has a one-year high of $45.13 and a one-year low of $28.53. Currently, Calavo Growers has an average volume of 93.5K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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Calavo Growers, Inc. engages in marketing and distribution of avocados, prepared avocados, and other perishable foods. It operates through the following segments: Fresh Products, Calavo Foods, and Renaissance Food Group. The Fresh Products segment grades, sizes, packs, cools, and ripens avocados for delivery to the customers. The Calavo Foods segment procures and processes avocados into wide variety of guacamole products; and distributes the processed products to the customers. The Renaissance Food Group segment produces, markets, and distributes nationally a portfolio of healthy fresh packaged food products for consumers via the retail channel. Calavo Growers was founded in 1924 and is headquartered in Santa Paula, CA.
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