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BidaskClub downgraded Calavo Growers, Inc. (NASDAQ:CVGW) to Hold in a report released today.

Yesterday Calavo Growers, Inc. (NASDAQ:CVGW) traded 2.22% higher at $68.90. The company’s 50-day moving average is $70.80 and its 200-day moving average is $66.91. The last stock close price is up 6.63% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 252,158 shares of the stock were exchanged, up from an average trading volume of 149,942

BidaskClub has downgraded Calavo Growers, Inc. (NASDAQ:CVGW) to Hold in a report released on 06/20/2017.

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Calavo Growers, Inc. (NASDAQ:CVGW)

Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $76.85 with a P/E ratio of 34.47 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $67.40 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Calavo Growers, Inc. (NASDAQ:CVGW)

Calavo Growers, Inc. operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG). The Company is engaged in marketing and distributing avocados, prepared avocados and other perishable foods, which allows it to deliver an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants on a worldwide basis. The Company procures avocados principally from California and Mexico. Through its various operating facilities, the Company sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas; processes and packages fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a range of behind-the-glass deli items, and produces and packages guacamole and salsa.

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