Wunderlich Initiates Coverage on Calavo Growers to Buy

Wunderlich Initiates Coverage on Calavo Growers(NASDAQ:CVGW). The shares have been rated Buy. The rating by Wunderlich was issued on Jun 22, 2016.

Calavo Growers (CVGW) made into the market gainers list on Mondays trading session with the shares advancing 0.83% or 0.54 points. Due to strong positive momentum, the stock ended at $65.61, which is also near the day’s high of $65.8. The stock began the session at $64.78 and the volume stood at 1,12,600 shares. The 52-week high of the shares is $68.8229 and the 52 week low is $43.08. The company has a current market capitalization of $1,144 M and it has 1,74,35,408 shares in outstanding.

Calavo Growers(CVGW) last announced its earnings results on Jun 6, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $220.30M. Analysts had an estimated revenue of $246.41M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Marc Laurence Brown (director) sold 1,000 shares at $67.23 per share price.Also, On Jun 9, 2016, Steve Hollister (director) sold 1,000 shares at $65.90 per share price.On Apr 18, 2016, Kenneth J Catchot (President and COO) sold 45,000 shares at $55.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Calavo Growers Inc. (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors produce wholesalers supermarkets convenience stores and restaurants. The Company sorts packs and/or ripens avocados tomatoes and/or Hawaiian grown papayas. The Company operates in three business segments: Fresh products Calavo Foods and Renaissance Food Group LLC (RFG). Its Fresh products segment is engaged in the distribution of avocados and other fresh produce products. Its Calavo Foods is engaged in the purchase manufacturing and distribution of prepared products including guacamole tortilla chips and salsa. The RFG segment is engaged in the manufacturing and distribution of fresh-cut fruit ready-to-eat vegetables recipe-ready vegetables and deli meat products.

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