Zacks downgraded shares of Chiquita Brands International (NYSE:CQB) from a neutral rating to an underperform rating in a report issued on Monday, Analyst Ratings Network.com reports. They currently have $9.30 target price on the stock.
Separately, analysts at Janney Montgomery Scott downgraded shares of Chiquita Brands International from a buy rating to a neutral rating in a research note to investors on Wednesday, October 16th. They now have a $16.00 price target on the stock.
Shares of Chiquita Brands International (NYSE:CQB) traded up 0.31% on Monday, hitting $9.58. The stock had a trading volume of 538,477 shares. Chiquita Brands International has a 1-year low of $5.90 and a 1-year high of $13.68. The stock’s 50-day moving average is $11.58 and its 200-day moving average is $11.44. The company’s market cap is $446.4 million.
Chiquita Brands International (NYSE:CQB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.38) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.15. The company had revenue of $723.00 million for the quarter, compared to the consensus estimate of $741.10 million. During the same quarter in the prior year, the company posted ($0.47) earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Chiquita Brands International will post $0.16 earnings per share for the current fiscal year.
Chiquita Brands International, Inc (NYSE:CQB), along with its subsidiaries, is an international marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other brand names in 70 countries, and packaged salads sold under the Fresh Express and other brand names primarily in the United States.
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