Mission Produce’s (AVO) “Overweight” Rating Reiterated at Stephens

Mission Produce (NASDAQ:AVO)‘s stock had its “overweight” rating restated by analysts at Stephens in a research note issued on Friday, Benzinga reports. They currently have a $15.00 price objective on the stock. Stephens’ price target would suggest a potential upside of 29.42% from the company’s current price.

Several other research analysts also recently issued reports on the company. Roth Capital restated a “buy” rating and set a $17.00 price objective on shares of Mission Produce in a research report on Thursday, September 10th. Weiss Ratings downgraded Mission Produce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen raised Mission Produce from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. One 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Mission Produce Price Performance

NASDAQ AVO traded down $0.20 during trading hours on Friday, reaching $11.59. The company’s stock had a trading volume of 935,518 shares, compared to its average volume of 1,024,865. 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’s 50-day moving average is $12.84 and its two-hundred day moving average is $12.78. Mission Produce has a fifty-two week low of $10.07 and a fifty-two week high of $15.53. The stock has a market cap of $1.02 billion, a PE ratio of 385.80 and a beta of 0.43.

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

Insider Buying and Selling

In other news, Chairman Stephen Barnard sold 21,646 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were 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 $21,902,322. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 250,062 shares of company stock valued at $3,238,747. 30.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Mission Produce

A number of institutional investors have recently bought and sold shares of AVO. Fourth Sail Capital LP boosted its holdings in shares of Mission Produce by 258.5% in the 2nd quarter. Fourth Sail Capital LP now owns 3,976,272 shares of the company’s stock valued at $46,880,000 after purchasing an additional 2,867,072 shares during the last quarter. Rubric Capital Management LP purchased a new position in shares of Mission Produce in the 1st quarter worth $23,756,000. BlackRock Inc. boosted its holdings in Mission Produce by 36.9% in the second quarter. BlackRock Inc. now owns 4,775,250 shares of the company’s stock valued at $56,300,000 after acquiring an additional 1,286,263 shares during the last quarter. State Street Corp grew its position in Mission Produce by 41.3% during the second quarter. State Street Corp now owns 1,423,029 shares of the company’s stock valued at $16,778,000 after acquiring an additional 416,126 shares during the period. Finally, Bank of America Corp DE grew its position in Mission Produce by 809.2% during the first quarter. Bank of America Corp DE now owns 444,135 shares of the company’s stock valued at $6,111,000 after acquiring an additional 395,287 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

More 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

Mission Produce Company Profile

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.