Fresh Del Monte Produce Inc [NYSE: FDP] price surged by 0.10 percent to reach at $0.03.
The one-year FDP stock forecast points to a potential upside of 20.23. The average equity rating for FDP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Fresh Del Monte Produce Inc [FDP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FDP shares is $39.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FDP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wunderlich have made an estimate for Fresh Del Monte Produce Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 02, 2016. While these analysts kept the previous recommendation, Wunderlich raised their target price from $60 to $70. The new note on the price target was released on August 03, 2016, representing the official price target for Fresh Del Monte Produce Inc stock. On May 11, 2016, analysts increased their price target for FDP shares from 50 to 60.
The Average True Range (ATR) for Fresh Del Monte Produce Inc is set at 0.77, with the Price to Sales ratio for FDP stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for FDP in the course of the last twelve months was 11.32 with Quick ratio for the last quarter at 1.04.
FDP Stock Performance Analysis:
Fresh Del Monte Produce Inc [FDP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.32. With this latest performance, FDP shares dropped by -7.27% in over the last four-week period, additionally plugging by 45.17% over the last 6 months – not to mention a rise of 14.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FDP stock in for the last two-week period is set at 28.21, with the RSI for the last a single of trading hit 19.11, and the three-weeks RSI is set at 36.03 for Fresh Del Monte Produce Inc [FDP]. The present Moving Average for the last 50 days of trading for this stock 33.22, while it was recorded at 31.86 for the last single week of trading, and 27.64 for the last 200 days.
Insight into Fresh Del Monte Produce Inc Fundamentals:
Fresh Del Monte Produce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 2.09.
FDP Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FDP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fresh Del Monte Produce Inc go to 24.00%.
Fresh Del Monte Produce Inc [FDP] Institutonal Ownership Details
There are presently around $67.68%, or 86.70%% of FDP stock, in the hands of institutional investors. The top three institutional holders of FDP stocks are: BLACKROCK INC. with ownership of 5.89 million shares, which is approximately 12.3374%. VANGUARD GROUP INC, holding 4.62 million shares of the stock with an approximate value of $$100.86 million in FDP stocks shares; and VANGUARD GROUP INC, currently with $$81.49 million in FDP stock with ownership which is approximately 7.8174%.
