Mission Produce (AVO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $12.94 to $13.14
• 50-Day Range: $11.75 to $14.10
• 52-Week Range: $8.19 to $14.17
• Volume: 25,200 shs
• Average Volume: 224,727 shs
• Market Capitalization: $931.05 million
• P/E Ratio: 39.79
• Dividend Yield: N/A
• Price Target: $14.33
• Consensus Rating: Buy

Mission Produce Stock Analysis - MarketRank™

Mission Produce scored higher than 68% of companies evaluated by MarketBeat, and ranked 77th out of 139 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Mission Produce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mission Produce has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -35.90%

Earnings Growth

Earnings for Mission Produce are expected to decrease by -35.90% in the coming year, from $0.39 to $0.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mission Produce is 39.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mission Produce is 39.55, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.55.

Price to Book Value per Share Ratio

Mission Produce has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.66% 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 5.5.

Change versus previous month

Short interest in Mission Produce has recently increased by 3.12%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Mission Produce does not currently pay a dividend.

Dividend Growth

Mission Produce does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.1 / 5
• Environmental Score: -3.70

Percentage of Shares Shorted

3.66% 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 5.5.

Change versus previous month

Short interest in Mission Produce has recently increased by 3.12%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.94

News Sentiment

Mission Produce has a news sentiment score of 0.94. 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 0.65 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Mission Produce this week, compared to 2 articles on an average week.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

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 $3,920,360.00 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.

AVO Stock Analysis - Frequently Asked Questions

How have AVO shares performed this year?

Mission Produce's stock was trading at $10.09 at the beginning of the year. Since then, AVO shares have increased by 29.3% and is now trading at $13.05.
View the best growth stocks for 2024 here.

How were Mission Produce's earnings last quarter?

Mission Produce, Inc. (NASDAQ:AVO) announced its quarterly earnings data on Monday, September, 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.23. The company earned $324 million during the quarter, compared to analyst estimates of $229.90 million. Mission Produce had a net margin of 2.06% and a trailing twelve-month return on equity of 6.69%.

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 served 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?

Top institutional investors of Mission Produce include Nuance Investments LLC (4.12%), Geode Capital Management LLC (1.52%), State Street Corp (1.39%) and Integrated Advisors Network LLC (1.27%). Insiders that own company stock include Taylor Family Investments, Llc, Luis A Gonzalez, Stephen J Barnard, Juan R Wiesner, Jay A Pack, Bryan E Giles and Bonnie Cruickshank Lind.
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.

What other stocks do shareholders of Mission Produce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mission Produce investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 9/09/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/19/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Agricultural services
• Sub-Industry: Agriculture
• 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: $14.33
• High Stock Price Target: $16.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +10.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.33
• Trailing P/E Ratio: 39.36
• Forward P/E Ratio: 33.31
• P/E Growth: N/A
• Net Income: $-2,800,000.00
• Net Margins: 2.06%
• Pretax Margin: 3.24%
• Return on Equity: 6.69%
• Return on Assets: 3.82%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 2.02
• Quick Ratio: 1.40

Sales & Book Value

• Annual Sales: $953.90 million
• Price / Sales: 0.97
• Cash Flow: $0.60 per share
• Price / Cash Flow: 21.75
• Book Value: $7.46 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 70,910,000
• Free Float: 41,412,000
• Market Cap: $921.12 million
• Optionable: Not Optionable
• Beta: 0.50