Mission Produce (NASDAQ:AVO) Earns Buy Rating from Lake Street Capital

Mission Produce (NASDAQ:AVO)‘s stock had its “buy” rating reiterated by investment analysts at Lake Street Capital in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $15.00 price target on the stock. Lake Street Capital’s price objective indicates a potential upside of 40.32% from the company’s previous close.

Mission Produce Stock Performance

Shares of NASDAQ AVO opened at $10.69 on Tuesday. The company has a market capitalization of $758.03 million, a P/E ratio of 42.76 and a beta of 0.47. The business’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $11.07. Mission Produce has a one year low of $8.19 and a one year high of $13.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.27 and a quick ratio of 1.49.

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in shares of Mission Produce in the 2nd quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mission Produce during the second quarter worth $73,000. Cubist Systematic Strategies LLC bought a new stake in shares of Mission Produce in the second quarter valued at about $108,000. Point72 DIFC Ltd acquired a new stake in Mission Produce in the 2nd quarter valued at approximately $53,000. Finally, Marshall Wace LLP boosted its position in Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after acquiring an additional 143,858 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Company Profile

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.