Chiquita Brands International given new $16.00 price target
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Chiquita Brands International from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 14th. They now have a $9.50 price target on the stock.
Shares of Chiquita Brands International traded down 5.08% during mid-day trading on Thursday, hitting $10.28. Chiquita Brands International has a 52 week low of $4.62 and a 52 week high of $11.23. The stock’s 50-day moving average is currently $9.87. The company’s market cap is $477.6 million.
Chiquita Brands International last announced its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.10. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $777.30 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts expect that Chiquita Brands International will post $0.47 EPS for the current fiscal year.
Source: dailypolitical.com
