Fresh Del Monte Produce (NYSE: FDP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $25.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at BB&T downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 31st.
One equities research analyst has rated the stock with a buy rating, and two have given a hold rating to the company. The stock presently has a consensus rating of “overweight” and an average target price of $31.00.
Fresh Del Monte Produce traded up 0.69% on Tuesday, hitting $26.4708. Fresh Del Monte Produce has a 52-week low of $21.80 and a 52-week high of $27.77. The stock’s 50-day moving average is currently $26.60. The company has a market cap of $1.528 billion and a price-to-earnings ratio of 10.69.
Fresh Del Monte Produce last released its earnings data on Tuesday, February 19th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.04. The company had revenue of $776.90 million for the quarter, compared to the consensus estimate of $791.82 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Fresh Del Monte Produce will post $2.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, March 4th.
Fresh Del Monte Produce Inc. (Fresh Del Monte), incorporated on August 29, 1996, is a holding company.
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