Fresh Del Monte Produce Inc. (NYSE: FDP) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected Fresh Del Monte Produce Inc. (NYSE: FDP): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fresh Del Monte Produce has a good Appreciation Score of 82 but a poor Power Rating of 17, triggering the Neutral Value Trend Rating.
Recent Price Action
On 6/10/24, Fresh Del Monte Produce Inc. (NYSE: FDP) stock declined slightly by -0.8%, closing at $22.43. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -4.0% during the last week.
Be the first to comment