Mission Produce (NASDAQ:AVO) Stock Keeps “Overweight” Rating at Stephens

Mission Produce (NASDAQ:AVO)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a research note issued on Friday, Benzinga reports. They currently have a $15.00 target price on the stock. Stephens’ price objective points to a potential upside of 30.13% from the company’s current price.

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

Mission Produce Stock Down 2.2%

NASDAQ:AVO traded down $0.26 during mid-day trading on Friday, hitting $11.53. 1,310,022 shares of the company’s stock traded hands, compared to its average volume of 1,027,685. Mission Produce has a twelve month low of $10.07 and a twelve month high of $15.53. The company has a market capitalization of $1.01 billion, a P/E ratio of 385.40 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 company has a fifty day moving average of $12.84 and a 200 day moving average of $12.78.

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

Insiders Place Their Bets

In other Mission Produce news, Chairman Stephen Barnard sold 21,646 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $13.00, for a total transaction of $281,398.00. Following the completion of the transaction, the chairman owned 1,684,794 shares of the company’s stock, valued at approximately $21,902,322. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 250,062 shares of company stock valued at $3,238,747 over the last quarter. 30.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVO. State Street Corp raised its stake in shares of Mission Produce by 41.3% in the 2nd quarter. State Street Corp now owns 1,423,029 shares of the company’s stock valued at $16,778,000 after purchasing an additional 416,126 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Mission Produce by 31.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,671 shares of the company’s stock worth $197,000 after acquiring an additional 3,961 shares during the period. Capital Advantage Inc. acquired a new position in shares of Mission Produce during the 2nd quarter valued at $311,000. Squarepoint Ops LLC acquired a new stake in Mission Produce in the 2nd quarter valued at about $2,836,000. Finally, Arizona State Retirement System increased its holdings in shares of Mission Produce by 20.8% in 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 in the last quarter. 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 price target, implying meaningful upside from recent levels. The endorsement suggests the firm sees the recent decline as an attractive entry point. Benzinga analyst rating
• Positive Sentiment: At its 2026 Investor Day, Mission Produce outlined plans for mid-single-digit organic sales growth and approximately 300 basis points of margin expansion over the next five years. Management also set a 2035 ambition to double sales and triple adjusted EBITDA, supporting a long-term shareholder-return strategy. Mission Produce Investor Day targets
• Neutral Sentiment: Investor Day presentation materials and the analyst transcript provide additional detail on Mission Produce’s strategy, but investors appear to be waiting for evidence that the long-range targets can translate into stronger near-term earnings and cash flow. Investor Day transcript
• Neutral Sentiment: GuruFocus described AVO as potentially undervalued after its recent decline and assigned a GF Score of 74/100. However, the stock’s low valuation does not eliminate concerns about profitability and execution. GuruFocus valuation analysis
• Negative Sentiment: Recent coverage highlights a sharp share-price decline, with AVO down 6.8% since its latest earnings report. The weakness indicates that investors remain cautious despite the company’s prior earnings and revenue beat. Zacks Mission Produce earnings analysis

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.