New Lifetime High Reached: Fresh Del Monte Produce (FDP)

Trade-Ideas LLC identified Fresh Del Monte Produce (FDP) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Fresh Del Monte Produce

(

FDP

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Fresh Del Monte Produce as such a stock due to the following factors:

  • FDP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.4 million.
  • FDP has traded 961 shares today.
  • FDP is trading at a new lifetime high.

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More details on FDP:

Fresh Del Monte Produce Inc., together with its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. The stock currently has a dividend yield of 0.9%. FDP has a PE ratio of 29. Currently there is 1 analyst that rates Fresh Del Monte Produce a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Fresh Del Monte Produce has been 266,100 shares per day over the past 30 days. Fresh Del Monte Produce has a market cap of $2.9 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.52 and a short float of 5.3% with 5.46 days to cover. Shares are up 47.2% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Fresh Del Monte Produce as a

buy

. The company's strengths can be seen in multiple areas, such as its 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. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • Powered by its strong earnings growth of 96.25% and other important driving factors, this stock has surged by 51.70% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FDP should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • FDP's revenue growth trails the industry average of 16.5%. Since the same quarter one year prior, revenues slightly increased by 1.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • FDP's debt-to-equity ratio is very low at 0.16 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.26, which illustrates the ability to avoid short-term cash problems.
  • Net operating cash flow has significantly increased by 588.14% to $92.90 million when compared to the same quarter last year. In addition, FRESH DEL MONTE PRODUCE INC has also vastly surpassed the industry average cash flow growth rate of -6.75%.

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