CORAL GABLES, FL- It’s looking to be a great year for Fresh Del Monte Produce (FDP) with recent recognition by Trade-Ideas LLC this week, which identified the company as a new lifetime high candidate. As reported by The Street, the stock as of Tuesday, had a price/earnings (PE) ratio of 26. As of that same day, there was one analyst that rated Fresh Del Monte Produce a buy, with no analysts rating it a sell. One analyst had rated it a hold. As of Friday, May 20, 2016, at 9:55 AM PST Fresh Del Monte Produce’s stock was up $0.35 to $51.37.
According to the report, shares were up 31.2% year-to-date as of the close of trading on Monday. Fresh Del Monte Produce’s average volume has been 200,600 shares per day during the past 30 days with a market cap of $2.6 billion. The company’s stock has a beta of 0.48 and a short float of 4.9% with 3.46 days to cover.
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Trade Ideas prides itself as a leader in cutting edge, real-time scanning and alerting technology since 2002, according to the website. This company caters to investors, traders, and market professionals in more than 65 countries. Included in its program are next level analytics, strategy development and optimization, as well as decision support for equities, options, and derivatives.
Fresh Del Monte Produce has been rated by TheStreet Quant Ratings as buy with strengths noted in areas that include, “…revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance.”
The Street notes that in addition to specific proprietary factors, Trade-Ideas identified FDP as such a stock due to these below factors when reported by the publication on May 17, 2016 11:34 AM EDT:
- FDP has an average dollar-volume (as measured by average daily share volume - multiplied by share price) of $17.7 million.
- FDP has traded 176,130 shares (avergage shares traded per day).
- FDP is trading at a new lifetime high.
Congrats Fresh Del Monte Produce on this recent recognition with hopefully more to come as 2016 rolls on.
