Mission Produce, Inc. (NASDAQ:AVO) Receives Consensus Rating of “Moderate Buy” from Analysts

Mission Produce, Inc. (NASDAQ:AVO) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.00.

AVO has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Monday, April 20th. Freedom Capital upgraded shares of Mission Produce to a “strong-buy” rating in a research report on Thursday, March 19th.

Mission Produce Stock Performance

NASDAQ AVO opened at $10.22 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $724.09 million, a P/E ratio of 22.22 and a beta of 0.50. Mission Produce has a 12-month low of $10.21 and a 12-month high of $15.53. The firm has a 50-day moving average price of $13.09 and a two-hundred day moving average price of $12.92.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $278.60 million during the quarter, compared to the consensus estimate of $277.33 million. Mission Produce had a net margin of 2.48% and a return on equity of 8.24%. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. Analysts anticipate that Mission Produce will post 0.6 earnings per share for the current year.

Insider Activity

In other news, major shareholder Holdings Venture Globalharvest purchased 3,695 shares of Mission Produce stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of $11.94 per share, for a total transaction of $44,118.30. Following the transaction, the insider owned 9,991,577 shares of the company’s stock, valued at approximately $119,299,429.38. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 30.85% of the company’s stock.

Institutional Trading of Mission Produce

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Mission Produce during the 3rd quarter worth approximately $29,000. Leonteq Securities AG bought a new position in Mission Produce in the 4th quarter valued at approximately $31,000. GAMMA Investing LLC lifted its stake in Mission Produce by 87.1% in the 4th quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock valued at $53,000 after purchasing an additional 2,136 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Mission Produce by 211.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after purchasing an additional 3,158 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after purchasing an additional 1,174 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

About Mission Produce

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.