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NEW YORK (TheStreet) -- Calavo Growers (CVGW) - Get Report has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B+.  TheStreet Ratings Team has this to say about their recommendation:

TheStreet Ratings team rates CALAVO GROWERS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CALAVO GROWERS INC (CVGW) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The revenue growth came in higher than the industry average of 9.7%. Since the same quarter one year prior, revenues rose by 15.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
• CALAVO GROWERS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CALAVO GROWERS INC continued to lose money by earning -$0.01 versus -$0.14 in the prior year. This year, the market expects an improvement in earnings ($1.95 versus -$0.01).
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 400.1% when compared to the same quarter one year prior, rising from -$1.77 million to $5.30 million.
• Powered by its strong earnings growth of 381.81% and other important driving factors, this stock has surged by 40.86% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
• The current debt-to-equity ratio, 0.34, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.74 is somewhat weak and could be cause for future problems.
• You can view the full analysis from the report here: CVGW Ratings Report