Mission Produce (NASDAQ:AVO) Earns “Overweight” Rating from Stephens

Mission Produce (NASDAQ:AVO)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a research report issued on Friday, Benzinga reports. They currently have a $15.00 price objective on the stock. Stephens’ target price would suggest a potential upside of 30.70% from the stock’s current price.

A number of other brokerages have also weighed in on AVO. Roth Capital reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Mission Produce in a report on Thursday, September 10th. Wall Street Zen raised Mission Produce from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Weiss Ratings lowered Mission Produce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Mission Produce Stock Performance

Mission Produce stock traded down $0.31 during trading hours on Friday, reaching $11.48. 746,973 shares of the stock were exchanged, compared to its average volume of 1,024,330. Mission Produce has a 52-week low of $10.07 and a 52-week high of $15.53. The stock has a market cap of $1.01 billion, a P/E ratio of 380.79 and a beta of 0.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 1.92. The firm’s 50 day moving average is $12.84 and its 200 day moving average is $12.78.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Tuesday, September 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Mission Produce had a net margin of 0.12% and a return on equity of 5.91%. The business had revenue of $450.00 million for the quarter, compared to the consensus estimate of $367.58 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. Analysts predict that Mission Produce will post 0.61 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Stephen Barnard sold 111,358 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $13.01, for a total value of $1,448,767.58. Following the sale, the chairman owned 1,695,185 shares of the company’s stock, valued at approximately $22,054,356.85. This represents a 6.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 250,062 shares of company stock worth $3,238,747. Insiders own 30.85% of the company’s stock.

Hedge Funds Weigh In On Mission Produce

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Mission Produce during the 2nd quarter worth about $26,000. Quantbot Technologies LP purchased a new stake in shares of Mission Produce during the second quarter worth about $44,000. Virtus Advisers LLC purchased a new stake in shares of Mission Produce during the second quarter worth about $106,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Mission Produce in the second quarter valued at approximately $140,000. Finally, Arizona State Retirement System lifted its stake in shares of Mission Produce by 20.8% during the second quarter. Arizona State Retirement System now owns 15,236 shares of the company’s stock valued at $180,000 after buying an additional 2,628 shares during the period. 63.57% of the stock is owned by institutional investors and hedge funds.

Key Mission Produce News

Here are the key news stories impacting Mission Produce this week:

• Positive Sentiment: Stephens reaffirmed its “overweight” rating and set a $15.00 price target, implying approximately 29.6% upside from the recently quoted share price. The endorsement suggests the firm views Mission Produce’s valuation and growth prospects favorably. Stephens rating and price target
• Positive Sentiment: At its 2026 Investor Day, Mission Produce outlined a five-year plan targeting mid-single-digit organic sales growth and 300 basis points of margin expansion. Management also established a longer-term ambition to double sales and triple adjusted EBITDA by 2035, potentially supporting high-single-digit to double-digit annual shareholder returns if executed successfully. Mission Produce Investor Day financial targets
• Neutral Sentiment: The company’s analyst and investor-day presentations provide additional detail on its strategy, including expansion and profitability initiatives. However, the targets are primarily long term, so investors may be looking for more evidence of near-term earnings acceleration. Mission Produce Analyst and Investor Day transcript
• Negative Sentiment: Shares declined sharply during the latest session, with coverage attributing the weakness to investor reaction surrounding the company’s outlook and investor-day disclosures. The stock was also reported to be down 6.8% since its most recent earnings report, indicating that investors have not yet rewarded the company despite its prior revenue and EPS beat. Why Mission Produce shares are plunging Mission Produce stock performance since earnings

About Mission Produce

Mission Produce, Inc is a global avocado sourcing, distribution and marketing company headquartered in Oxnard, California. The company supplies fresh avocados to retailers, foodservice operators, wholesalers and other customers, managing activities that include procurement, quality control, ripening, packaging and distribution.

Mission Produce sources avocados from growing regions in North and South America and other international markets. Its operations are supported by ripening and distribution facilities designed to provide customers with avocados at different stages of readiness.