Fresh Del Monte Produce Stock Hits New 52-Week High (FDP)

NEW YORK ( TheStreet) -- Fresh Del Monte Produce (NYSE: FDP) hit a new 52-week high Tuesday as it traded at $27.70 compared with its previous 52-Week high of $27.69. Fresh Del Monte Produce is changing hands at $27.68 with 15,683 shares traded as of 9:58 a.m. ET. Average volume has been 185,000 shares over the past 30 days.

Fresh Del Monte Produce has a market cap of $1.6 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 10.2% year to date as of the close of trading on Friday.

Fresh Del Monte Produce Inc., together with its subsidiaries, produces, transports, sources, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. It also offers prepared fruit and vegetables, juices, beverages, and snacks. The company has a P/E ratio of 17.2, below the average food & beverage industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Fresh Del Monte Produce as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Fresh Del Monte Produce Ratings Report.

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