On 8/2/24, Fresh Del Monte Produce Inc. (NYSE: FDP) stock enjoyed a major increase of 10.8%, closing at $27.27. Moreover, trading volume in this advance was exceptionally high at 202% of normal. The stock has risen 14.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
FDP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Fresh Del Monte Produce has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fresh Del Monte Produce has a good Appreciation Score of 76 but a neutral Power Rating of 40, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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