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Mission Produce provides long-term financial targets » 09:29
01/19/21
01/19
09:29
01/19/21
09:29
AVO

Mission Produce

$15.65 /

-0.01 (-0.06%)

The Company is also…

The Company is also providing its long-term financial targets as follows: compound volume growth in the high-single digit range, in-line with our expectations for industry growth rates; djusted EBITDA margins in the low-double digit range, excluding any material non-recurring events or extreme market conditions; ompound adjusted EBITDA growth in the low-double digit range.

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AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

11/03/20
Fly Intel: Top five analyst initiations
11/03/20 Roth Capital
Mission Produce initiated with a Buy at Roth Capital
10/27/20 BofA
Mission Produce initiated with a Buy, $17 target at BofA
10/27/20 BofA
Mission Produce initiated with a Buy at BofA
AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

  • 01
    Oct
AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

Earnings
Mission Produce sees Q1 revenue $165M-$175M, consensus $198.58M » 09:28
01/19/21
01/19
09:28
01/19/21
09:28
AVO

Mission Produce

$15.65 /

-0.01 (-0.06%)

Sees consolidated volume…

Sees consolidated volume in the range of 155-165 million pounds and consolidated adjusted EBITDA in the range of $11.0-$12.5 million.

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AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

11/03/20
Fly Intel: Top five analyst initiations
11/03/20 Roth Capital
Mission Produce initiated with a Buy at Roth Capital
10/27/20 BofA
Mission Produce initiated with a Buy, $17 target at BofA
10/27/20 BofA
Mission Produce initiated with a Buy at BofA
AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

  • 01
    Oct
AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

Earnings
Mission Produce reports Q4 adjusted EPS 34c, consensus 24c » 09:26
01/19/21
01/19
09:26
01/19/21
09:26
AVO

Mission Produce

$15.65 /

-0.01 (-0.06%)

Reports Q4 revenue…

Reports Q4 revenue $206.8M, consensus $205.28M. Steve Barnard, CEO of Mission Produce, commented, "I'm extremely proud of the organization we've built over the past 37 years and our #1 global leadership position in the industry. Our October IPO was yet another milestone for our company and we are pleased to be in a position to continue pursuing the significant growth opportunity that lies ahead. We have a leading global infrastructure that we continue to invest behind, which enables Mission to address the consumption trends that are driving our business both domestically and abroad. We look forward to growing this category through our year-round distribution capabilities and meet consumer demand for this popular Superfood."

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AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

11/03/20
Fly Intel: Top five analyst initiations
11/03/20 Roth Capital
Mission Produce initiated with a Buy at Roth Capital
10/27/20 BofA
Mission Produce initiated with a Buy, $17 target at BofA
10/27/20 BofA
Mission Produce initiated with a Buy at BofA
  • 01
    Oct
AVO Mission Produce
$15.65 /

-0.01 (-0.06%)

Over a quarter ago
Initiation
Fly Intel: Top five analyst initiations » 09:48
11/03/20
11/03
09:48
11/03/20
09:48
KRON

Kronos Bio

$26.93 /

-0.0301 (-0.11%)

, SPRB

Spruce Biosciences

$20.24 /

+ (+0.00%)

, GILD

Gilead

$58.98 /

+0.45 (+0.77%)

, HOOK

Hookipa Pharma

$10.50 /

+0.7 (+7.14%)

, AVO

Mission Produce

$12.95 /

+0.1 (+0.78%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kronos Bio (KRON) initiated with a Buy at Goldman Sachs and Jefferies, as well as with an Overweight at Piper Sandler. 2. Spruce Biosciences (SPRB) initiated with an Outperform at Credit Suisse, Cowen, RBC Capital and SVB Leerink. 3. Gilead (GILD) resumed with an Equal Weight at Morgan Stanley. 4. Hookipa Pharma (HOOK) initiated with a Buy at Truist. 5. Mission Produce (AVO) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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SPRB Spruce Biosciences
$20.24 /

+ (+0.00%)

KRON Kronos Bio
$26.93 /

-0.0301 (-0.11%)

HOOK Hookipa Pharma
$10.50 /

+0.7 (+7.14%)

GILD Gilead
$58.98 /

+0.45 (+0.77%)

KRON Kronos Bio
$26.93 /

-0.0301 (-0.11%)

11/03/20 Jefferies
Kronos Bio initiated with a Buy at Jefferies
11/03/20 Piper Sandler
Kronos Bio initiated with an Overweight at Piper Sandler
11/03/20 Goldman Sachs
Kronos Bio initiated with a Buy at Goldman Sachs
SPRB Spruce Biosciences
$20.24 /

+ (+0.00%)

11/03/20 SVB Leerink
SVB Leerink bullish on Spruce Biosciences, initiates with an Outperform
11/03/20 SVB Leerink
Spruce Biosciences initiated with an Outperform at SVB Leerink
11/03/20 RBC Capital
Spruce Biosciences initiated with an Outperform at RBC Capital
11/03/20 Cowen
Spruce Biosciences initiated with an Outperform at Cowen
GILD Gilead
$58.98 /

+0.45 (+0.77%)

11/03/20 Morgan Stanley
Gilead resumed with an Equal Weight at Morgan Stanley
10/29/20 BMO Capital
Gilead price target lowered to $64 from $74 at BMO Capital
10/29/20 SVB Leerink
Gilead price target lowered to $79 from $88 at SVB Leerink
10/29/20 Barclays
Gilead price target lowered to $62 from $67 at Barclays
HOOK Hookipa Pharma
$10.50 /

+0.7 (+7.14%)

11/03/20 Truist
Hookipa Pharma initiated with a Buy at Truist
11/03/20 Truist
Hookipa Pharma initiated with a Buy at Truist
10/19/20 H.C. Wainwright
Hookipa Pharma assumed with a Buy at H.C. Wainwright
AVO Mission Produce
$12.95 /

+0.1 (+0.78%)

11/03/20 Roth Capital
Mission Produce initiated with a Buy at Roth Capital
10/27/20 BofA
Mission Produce initiated with a Buy, $17 target at BofA
10/27/20 BofA
Mission Produce initiated with a Buy at BofA
10/26/20 JPMorgan
Mission Produce initiated with an Overweight at JPMorgan
HOOK Hookipa Pharma
$10.50 /

+0.7 (+7.14%)

GILD Gilead
$58.98 /

+0.45 (+0.77%)

  • 09
    Oct
  • 09
    Oct
  • 01
    Oct
GILD Gilead
$58.98 /

+0.45 (+0.77%)

KRON Kronos Bio
$26.93 /

-0.0301 (-0.11%)

GILD Gilead
$58.98 /

+0.45 (+0.77%)

AVO Mission Produce
$12.95 /

+0.1 (+0.78%)

HOOK Hookipa Pharma
$10.50 /

+0.7 (+7.14%)

GILD Gilead
$58.98 /

+0.45 (+0.77%)

Initiation
Mission Produce initiated with a Buy at Roth Capital » 09:07
11/03/20
11/03
09:07
11/03/20
09:07
AVO

Mission Produce

$12.85 /

-0.43 (-3.24%)

Roth Capital analyst…

Roth Capital analyst Gerry Sweeney initiated coverage of Mission Produce with a Buy rating and $19 price target. The analyst says that his investment thesis is driven by expectations of increased per capita consumption of avocados. He anticipates Mission leveraging its distribution infrastructure to grow revenue 8%-plus annually, which drives annualized EBITDA growth of about 12.5% over the next three years. Sweeney also anticipates the U.S. being the cornerstone of growth near-term, with Europe and Asia building in importance. Mission's extensive and expanding infrastructure and vertical integration create significant barriers to entry, he adds.

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AVO Mission Produce
$12.85 /

-0.43 (-3.24%)

10/27/20 BofA
Mission Produce initiated with a Buy, $17 target at BofA
10/27/20 BofA
Mission Produce initiated with a Buy at BofA
10/26/20 JPMorgan
Mission Produce initiated with an Overweight at JPMorgan
10/26/20 Citi
Mission Produce initiated with a Buy at Citi
  • 01
    Oct
AVO Mission Produce
$12.85 /

-0.43 (-3.24%)

Initiation
Mission Produce initiated with a Buy, $17 target at BofA » 06:32
10/27/20
10/27
06:32
10/27/20
06:32
AVO

Mission Produce

$13.01 /

-0.23 (-1.74%)

, CVGW

Calavo Growers

$68.48 /

-1.17 (-1.68%)

BofA analyst Bryan…

BofA analyst Bryan Spillane initiated coverage of Mission Produce (AVO) with a Buy rating and $17 price target. Mission is a pure-play fresh avocado global distributor positioned achieve expectations for Q4 through market share gains and modest margin expansion, Spillane tells investors in a research note. The company currently trades at a 30% discount to most direct comp Calavo Growers (CVGW), the analyst points out.

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CVGW Calavo Growers
$68.48 /

-1.17 (-1.68%)

AVO Mission Produce
$13.01 /

-0.23 (-1.74%)

10/27/20 BofA
Mission Produce initiated with a Buy at BofA
10/26/20 JPMorgan
Mission Produce initiated with an Overweight at JPMorgan
10/26/20 Citi
Mission Produce initiated with a Buy at Citi
10/26/20 Stephens
Mission Produce initiated with an Overweight at Stephens
CVGW Calavo Growers
$68.48 /

-1.17 (-1.68%)

06/09/20 Lake Street
Calavo Growers assumed with a Buy at Lake Street
03/02/20
Fly Intel: Top five analyst downgrades
03/02/20 Stephens
Stephens downgrades Calavo after 'major surprise' management changes
03/02/20 Stephens
Calavo Growers downgraded to Equal Weight from Overweight at Stephens
CVGW Calavo Growers
$68.48 /

-1.17 (-1.68%)

  • 01
    Oct
AVO Mission Produce
$13.01 /

-0.23 (-1.74%)

Initiation
Mission Produce initiated with a Buy at BofA » 06:03
10/27/20
10/27
06:03
10/27/20
06:03
AVO

Mission Produce

$13.01 /

-0.23 (-1.74%)

BofA initiated coverage…

BofA initiated coverage of Mission Produce with a Buy rating and $17 price target.

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AVO Mission Produce
$13.01 /

-0.23 (-1.74%)

10/26/20 JPMorgan
Mission Produce initiated with an Overweight at JPMorgan
10/26/20 Citi
Mission Produce initiated with a Buy at Citi
10/26/20 Stephens
Mission Produce initiated with an Overweight at Stephens
  • 01
    Oct
AVO Mission Produce
$13.01 /

-0.23 (-1.74%)

Initiation
Mission Produce initiated with an Overweight at JPMorgan » 08:34
10/26/20
10/26
08:34
10/26/20
08:34
AVO

Mission Produce

$13.24 /

-0.18 (-1.34%)

JPMorgan analyst Thomas…

JPMorgan analyst Thomas Palmer initiated coverage of Mission Produce with an Overweight rating and $18 price target. The analyst sees a "long runway "of EBITDA growth ahead, driven by distribution-driven volume and a higher percentage of avocados sourced from company-owned farms. He thinks the stock's current valuation presents a compelling entry point.

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AVO Mission Produce
$13.24 /

-0.18 (-1.34%)

10/26/20 Citi
Mission Produce initiated with a Buy at Citi
10/26/20 Stephens
Mission Produce initiated with an Overweight at Stephens
  • 01
    Oct
AVO Mission Produce
$13.24 /

-0.18 (-1.34%)

Initiation
Mission Produce initiated with a Buy at Citi » 06:25
10/26/20
10/26
06:25
10/26/20
06:25
AVO

Mission Produce

$13.24 /

-0.18 (-1.34%)

Citi analyst Sergio…

Citi analyst Sergio Matsumoto initiated coverage of Mission Produce with a Buy rating and $16 price target. The company is a leader in the "growing" avocado market, having earned retailers' confidence as their preferred supplier, Matsumoto tells investors in a research note. The $6B U.S. avocado market has an attractive growth outlook of 5.5% annually over the next four years, says the analyst.

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AVO Mission Produce
$13.24 /

-0.18 (-1.34%)

10/26/20 Stephens
Mission Produce initiated with an Overweight at Stephens
  • 01
    Oct
AVO Mission Produce
$13.24 /

-0.18 (-1.34%)

Initiation
Mission Produce initiated with an Overweight at Stephens » 06:23
10/26/20
10/26
06:23
10/26/20
06:23
AVO

Mission Produce

$13.24 /

-0.18 (-1.34%)

Stephens analyst Ben…

Stephens analyst Ben Bienvenu initiated coverage of Mission Produce with an Overweight rating and $18 price target. He believes Mission is well positioned to continue to deliver strong volume growth and show improved profitability, adding that he thinks investments in its global sourcing platform and expansion into avocado farming supports future growth in a growing global avocado market.

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  • 01
    Oct
AVO Mission Produce
$13.24 /

-0.18 (-1.34%)

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