Lake Street Sticks to Their Buy Rating for Calavo Growers (CVGW)

In a report released today, Ben Klieve from Lake Street maintained a Buy rating on Calavo Growers (CVGW – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $27.38.

According to TipRanks, Klieve is a 4-star analyst with an average return of 6.2% and a 45.83% success rate. Klieve covers the Consumer Defensive sector, focusing on stocks such as Vital Farms, MGP Ingredients, and Calavo Growers.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Calavo Growers with a $35.50 average price target.

Based on Calavo Growers’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $127.61 million and a GAAP net loss of $6.27 million. In comparison, last year the company earned a revenue of $132.76 million and had a GAAP net loss of $3.07 million

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Calavo Growers (CVGW) Company Description:

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.