Fresh Del Monte Produce, Inc. with ticker code (FDP) now have 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 35 and 33 with the average target price sitting at $34.00. Given that the stocks previous close was at $30.35 and the analysts are correct then we can expect a percentage increase in value of 12.0%. There is a 50 day moving average of $29.58 while the 200 day moving average is $27.68. The market cap for the company is $1,438m. You can visit the company’s website by visiting: https://www.freshdelmonte.com
The potential market cap would be $1,611m based on the market consensus.
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services. The company offers pineapples, fresh-cut fruit, fresh-cut vegetables, melons, and vegetables; non-tropical fruits, such as grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis; other fruit and vegetables, and avocados; and prepared fruit and vegetables, juices, other beverages, and meals and snacks. It also engages in the sale of poultry and meat products; and third-party freight services business. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, Mann’s Logo, Arcadian Harvest, Nourish Bowls, Broccolini, Caulilini, Better Burger Leaf, RomaLeaf, and other regional brands. It markets and distributes its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. The company was founded in 1886 and is based in George Town, Cayman Islands.
The company has a dividend yield of 1.98% with the ex dividend date set at 7-3-2023 (DMY).
Other points of data to note are a P/E ratio of 14.58, revenue per share of 92.95 and a 2.73% return on assets.
