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Calavo Growers (CVGW) Gets a Buy Rating from Lake Street

In a report issued on March 15, Ben Klieve from Lake Street maintained a Buy rating on Calavo Growers (CVGWResearch Report), with a price target of $60.00. The company’s shares closed last Monday at $36.92, close to its 52-week low of $32.75.

According to TipRanks.com, Klieve is ranked #391 out of 7920 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Calavo Growers with a $50.00 average price target.

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Based on Calavo Growers’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $274 million and GAAP net loss of $4.04 million. In comparison, last year the company earned revenue of $221 million and had a net profit of $5.28 million.

Based on the recent corporate insider activity of 24 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 CVGW in relation to earlier this year. Most recently, in January 2022, Michael Anthony Digregorio, a Director at CVGW bought 2,000 shares for a total of $46,960.

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.

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.

Read More on CVGW:

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