Dole plc (NYSE:DOLE) currently has a daily average trading volume of 444.86K but it saw 1014503 shares traded on Thursday. With a market cap of 1.24B USD, stock’s current market price of $13.27 came rising about 0.68 while comparing to the previous closing price of $13.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.29 and as low as $7.20. In the recent trading on the day, stock has struck highest price mark of $13.41 while lowest mark touched by it was $13.04.
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Taking a look at 20-day trading activity of Dole plc (DOLE) gives us an average price of $12.43, while its current price level is -0.15% below from 52-week high level whereas it is 84.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.14 while that of 200 days or SMA-200 reads an average of $10.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.61% during that period while stretching the period over a month that decreases to 2.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.80 which implies that the stock is in neutral territory.
Dole plc (DOLE)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $9.00 and $18.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $9.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $18.00. Average price target assigned by them is $14.69 which highlights an upside potential of 9.67% for the stock over that period. And to attain the median price target of $15.00 assigned by those analysts, stock has to add about 11.53% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, DOLE’s stock price is moving 2.71% up while it is 8.50% when we observe its performance for the past one month. Year-to-date it is 37.51% up and over the past year, the stock is showing an upside performance of 33.91%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.34 beat the consensus estimate of $0.18 for the same. The company is expected to be releasing its next quarterly report in 09/11/2023, for which analysts forecasted an EPS of $0.34 while estimate for next year EPS is $0.88. For DOLE, analysts are forecasting an EPS-growth rate of -9.30% for current year and estimate for EPS growth in next year is 22.70%. In next quarter, company is expected to be making quarterly sales of $2.17 billion as analysts are expecting the sales for current fiscal year at $8.94 billion and seeing the company making $9.13 billion in sales next year. Moreover, analysts are in estimates of $2.27 billion for current-quarter revenue.
Currently, Dole plc’s total number of outstanding shares is 94.90M with 28.66% of that held by the insiders while 42.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.20%. It has a price to earnings ratio (P/E ratio) of 14.57 while having a 12.23 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 0.13.
A filing at the U.S. Securities and Exchange Commission revealed that BNP Paribas Funds – SMaRT Food came shrinking its share ownership by -6.13% in the Dole plc (DOLE) decreasing its stake to 4.33% with control over -0.27 million shares in the company. As per SEC documents, BNP Paribas Funds – SMaRT Food shunned 4,108,608 of company’s common stock of worth $50.62 million as per recent closing price of the stock. BNP Paribas Funds – SMaRT Food is not the only institutional holder which restructured its stake in Dole plc, as JNL/Franklin Templeton Internatio dumped 898,642 shares of worth $11.07 million to bring its holdings to a total of -0.45 million shares.
