Should I buy or sell Mission Produce stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mission Produce in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVO shares. View AVO analyst ratings or view top-rated stocks .

What is Mission Produce's stock price target for 2024?

3 brokers have issued 12 month target prices for Mission Produce's shares. Their AVO share price targets range from $10.00 to $12.50. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. View analysts price targets for AVO or view top-rated stocks among Wall Street analysts .

How have AVO shares performed in 2024?

Mission Produce's stock was trading at $10.09 at the beginning of the year. Since then, AVO stock has increased by 14.4% and is now trading at $11.54. View the best growth stocks for 2024 here .

Are investors shorting Mission Produce?

Mission Produce saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,260,000 shares, an increase of 11.5% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 183,100 shares, the short-interest ratio is presently 6.9 days. Currently, 2.9% of the shares of the stock are sold short. View Mission Produce's Short Interest .

When is Mission Produce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024. View our AVO earnings forecast .

How were Mission Produce's earnings last quarter?

Mission Produce, Inc. (NASDAQ:AVO) issued its earnings results on Monday, March, 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. The firm earned $258.70 million during the quarter, compared to analysts' expectations of $188.40 million. Mission Produce had a trailing twelve-month return on equity of 3.98% and a net margin of 0.60%.

What ETF holds Mission Produce's stock?

VegTech Plant-based Innovation & Climate ETF holds 23,115 shares of AVO stock, representing 4.79% of its portfolio.

When did Mission Produce IPO?

Mission Produce (AVO) raised $150 million in an initial public offering on Thursday, October 1st 2020. The company issued 9,400,000 shares at a price of $15.00-$17.00 per share. BofA Securities, JPMorgan and Citigroup acted as the underwriters for the IPO and Roth Capital Partners, Stephens, Inc. and D.A. Davidson & Co. were co-managers.

Who are Mission Produce's major shareholders?

Mission Produce's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.01%). Insiders that own company stock include Bonnie Cruickshank Lind, Bryan E Giles , Juan R Wiesner , Luis A Gonzalez and Stephen J Barnard . View institutional ownership trends .

How do I buy shares of Mission Produce?

Shares of AVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:AVO

Mission Produce (AVO) Stock Price, News & Analysis

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Free AVO Stock Alerts

$11.54

+0.06 (+0.52%)

(As of 04/19/2024 ET)

Compare

Today's Range: $11.42
▼
$11.57
50-Day Range: $10.15
▼
$12.07
52-Week Range: $8.19
▼
$13.99

Volume: 271,764 shs
Average Volume: 182,159 shs
Market Capitalization: $817.61 million

P/E Ratio: 144.25
Dividend Yield: N/A
Price Target: $11.50

Get Mission Produce alerts:

Mission Produce MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 0.3% Downside
$11.50 Price Target
Short Interest: Bearish
2.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.70
Upright™ Environmental Score
News Sentiment: 0.95
Based on 3 Articles This Week
Insider Trading: Selling Shares
$3.33 M Sold Last Quarter
Proj. Earnings Growth: -3.23%
From $0.31 to $0.30 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.68 out of 5 stars

Consumer Staples Sector

93rd out of 139 stocks

Agricultural Services Industry

2nd out of 3 stocks

1.3

Analyst's Opinion

Consensus Rating
Mission Produce has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Mission Produce has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.91% of the float of Mission Produce has been sold short.
Short Interest Ratio / Days to Cover
Mission Produce has a short interest ratio ("days to cover") of 6.9.
Change versus previous month
Short interest in Mission Produce has recently increased by 11.50%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Mission Produce does not currently pay a dividend.
Dividend Growth
Mission Produce does not have a long track record of dividend growth.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Mission Produce has received a 58.17% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is false driven by its "Unprocessed avocados" product. See details.
Environmental Sustainability
The Environmental Impact score for Mission Produce is -3.70.

2.7

News and Social Media Coverage

News Sentiment
Mission Produce has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Mission Produce this week, compared to 2 articles on an average week.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mission Produce insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,333,705.00 in company stock.
Percentage Held by Insiders
41.60% of the stock of Mission Produce is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.57% of the stock of Mission Produce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Mission Produce are expected to decrease by -3.23% in the coming year, from $0.31 to $0.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mission Produce is 144.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 140.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mission Produce is 144.25, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.94.
Price to Earnings Growth Ratio
Mission Produce has a PEG Ratio of 1.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Mission Produce has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Mission Produce Stock (NASDAQ:AVO)

Mission Produce, Inc. engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries. It also provides ripening, bagging, custom packing, logistical management, and quality assurance services. In addition, the company offers merchandising and promotional support, and insights on market trends, and training services. Mission Produce, Inc. was founded in 1983 and is headquartered in Oxnard, California.

AVO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AVO Stock News Headlines

April 2, 2024 | insidertrades.com

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 6,869 Shares

March 19, 2024 | insidertrades.com

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 42,008 Shares

April 19, 2024 | Crypto 101 Media (Ad)

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April 15, 2024 | finance.yahoo.com

Q4 Earnings Roundup: Pilgrim's Pride (NASDAQ:PPC) And The Rest Of The Perishable Food Segment

April 14, 2024 | finance.yahoo.com

Can Mixed Fundamentals Have A Negative Impact on Mission Produce, Inc. (NASDAQ:AVO) Current Share Price Momentum?

April 12, 2024 | finance.yahoo.com

Unpacking Q4 Earnings: Flowers Foods (NYSE:FLO) In The Context Of Other Perishable Food Stocks

April 1, 2024 | msn.com

Easter dinner at Union Mission feeds locals, shelter residents

March 30, 2024 | msn.com

LA Times Crossword March 30 2024 Answers (3/30/24)

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March 23, 2024 | investing.com

Mission Produce director sells $86.3k in company stock

March 20, 2024 | investing.com

Mission Produce director sells over $1.1m in company stock

March 18, 2024 | finance.yahoo.com

In spite of recent selling, insiders at Mission Produce, Inc. (NASDAQ:AVO) are the largest shareholders; own 39% shares

March 14, 2024 | msn.com

Your avocado toast could soon get more expensive — again

March 14, 2024 | seekingalpha.com

Mission Produce, Inc. (AVO) Q1 2024 Earnings Call Transcript

March 12, 2024 | finance.yahoo.com

Mission Produce (AVO) Shares Skyrocket, What You Need To Know

March 12, 2024 | markets.businessinsider.com

Bioventus Reports Upbeat Earnings, Joins Ranpak, Beachbody And Other Big Stocks Moving Higher On Tuesday

March 12, 2024 | msn.com

ELF, GOTU among consumer staples movers

March 12, 2024 | baystreet.ca

Mission Produce Suffers Post-Earnings Dip

March 12, 2024 | finance.yahoo.com

Q1 2024 Mission Produce Inc Earnings Call

March 12, 2024 | finanznachrichten.de

Mission Produce, Inc.: Mission Produce Announces Fiscal 2024 First Quarter Financial Results

March 11, 2024 | msn.com

Mission Produce shares rise nearly 6% as avocado prices boost results

March 11, 2024 | benzinga.com

Recap: Mission Produce Q1 Earnings

March 11, 2024 | finance.yahoo.com

Mission Produce (NASDAQ:AVO) Reports Upbeat Q1, Stock Soars

March 11, 2024 | finance.yahoo.com

Mission Produce Inc (AVO) Reports Record First Quarter Fiscal 2024 Results

March 11, 2024 | globenewswire.com

Mission Produce™ Announces Fiscal 2024 First Quarter Financial Results

March 10, 2024 | finance.yahoo.com

What To Expect From Mission Produce’s (AVO) Q1 Earnings

March 9, 2024 | stockhouse.com

Mission Produce(TM) Appoints New President & Chief Operating Officer

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/19/2024
Next Earnings (Estimated): 6/13/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Agricultural services
Sub-Industry: N/A
Current Symbol: NASDAQ:AVO
CUSIP: N/A
CIK: 1802974
Web: www.worldsfinestavocados.com
Phone: 805-981-3650
Fax: N/A
Employees: 3,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.50
High Stock Price Target: $12.50
Low Stock Price Target: $10.00
Potential Upside/Downside: -0.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.08
Trailing P/E Ratio: 144.25
Forward P/E Ratio: 37.23
P/E Growth: 1.38
Net Income: $-2,800,000.00
Net Margins: 0.60%
Pretax Margin: 1.55%
Return on Equity: 3.98%
Return on Assets: 2.24%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 2.27
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $953.90 million
Price / Sales: 0.86
Cash Flow: $0.61 per share
Price / Cash Flow: 18.96
Book Value: $7.46 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 70,850,000
Free Float: 41,375,000
Market Cap: $817.61 million
Optionable: Not Optionable
Beta: 0.49

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Key Executives

Mr. Stephen J. Barnard (Age 71)
Founder, CEO & Director
Comp: $857.48k
Mr. Bryan E. Giles (Age 53)
Chief Financial Officer
Comp: $611.82k
Ms. Joanne C. Wu (Age 41)
General Counsel & Secretary
Comp: $543.35k
Mr. John Pawlowski (Age 48)
President & COO
Mr. Ross W. Wileman (Age 76)
Senior Vice President of Sales & Marketing
Comp: $747.62k
Ms. Anita Lemos
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVO Stock Analysis - Frequently Asked Questions

Should I buy or sell Mission Produce stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mission Produce in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVO shares.
View AVO analyst ratings or view top-rated stocks.
What is Mission Produce's stock price target for 2024?: 3 brokers have issued 12 month target prices for Mission Produce's shares. Their AVO share price targets range from $10.00 to $12.50. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
View analysts price targets for AVO or view top-rated stocks among Wall Street analysts.
How have AVO shares performed in 2024?: Mission Produce's stock was trading at $10.09 at the beginning of the year. Since then, AVO stock has increased by 14.4% and is now trading at $11.54.
View the best growth stocks for 2024 here.
Are investors shorting Mission Produce?: Mission Produce saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,260,000 shares, an increase of 11.5% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 183,100 shares, the short-interest ratio is presently 6.9 days. Currently, 2.9% of the shares of the stock are sold short.
View Mission Produce's Short Interest.
When is Mission Produce's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our AVO earnings forecast.
How were Mission Produce's earnings last quarter?: Mission Produce, Inc. (NASDAQ:AVO) issued its earnings results on Monday, March, 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. The firm earned $258.70 million during the quarter, compared to analysts' expectations of $188.40 million. Mission Produce had a trailing twelve-month return on equity of 3.98% and a net margin of 0.60%.

What ETF holds Mission Produce's stock?: VegTech Plant-based Innovation & Climate ETF holds 23,115 shares of AVO stock, representing 4.79% of its portfolio.
When did Mission Produce IPO?: Mission Produce (AVO) raised $150 million in an initial public offering on Thursday, October 1st 2020. The company issued 9,400,000 shares at a price of $15.00-$17.00 per share. BofA Securities, JPMorgan and Citigroup acted as the underwriters for the IPO and Roth Capital Partners, Stephens, Inc. and D.A. Davidson & Co. were co-managers.
Who are Mission Produce's major shareholders?: Mission Produce's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.01%). Insiders that own company stock include Bonnie Cruickshank Lind, Bryan E Giles, Juan R Wiesner, Luis A Gonzalez and Stephen J Barnard.
View institutional ownership trends.
How do I buy shares of Mission Produce?: Shares of AVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AVO) was last updated on 4/19/2024 by MarketBeat.com Staff

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