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Fresh Del Monte (FDP) Falls: Stock Dips 5.1%

Zacks Equity Research

Fresh Del Monte Produce Inc. (FDP) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of FDP, as the stock is now trading below the volatile price range of $25.6 to $27.4 in the past one-month time frame.

This farm products company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

FDP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Agriculture Operations industry include Amira Nature Foods Ltd. (ANFI) and Calavo Growers Inc. (CVGW), both carrying Zacks Rank #2 (Buy).

Investors interested in the Consumer Staples sector may consider better-ranked stock like Coca-Cola HBC AG (CCH) which holds a Zacks Rank #1 (Strong Buy).

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FRESH DEL MONTE PRODUCE (FDP): Free Stock Analysis Report

AMIRA NATURE FOODS LTD (ANFI): Free Stock Analysis Report

CALAVO GROWERS INC (CVGW): Free Stock Analysis Report

COCA COLA HBC AG (CCH): Free Stock Analysis Report

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