Fresh Del Monte Produce Inc. (NYSE: FDP) has reported earnings for its third fiscal quarter (ending September 30) of $0.88 versus $0.17 for the same period a year ago — an increase of 418%. For the latest four quarters through September 30, E.P.S. were $0.33 versus $2.36 for the same period a year ago — a decline of -86%.
Recent Price Action
On 10/31/24, Fresh Del Monte Produce Inc. (NYSE: FDP) stock enjoyed a major increase of 10.4%, closing at $32.11. Moreover, exceptionally high trading volume at 221% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 10.8% during the last week.
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 A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Fresh Del Monte Produce has a good Appreciation Score of 71 and a good Power Rating of 78, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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