Fruit and vegetable giant Dole is expected to go public later today and commence trading on the New York Stock Exchange Friday under the ticker symbol "DOLE," according to a Form F-1 filed with the US Securities and Exchange Commission.
The company slashed its price range on the offering to $16 to $17 per share from $20 to $23 per share, a move that slices its targeted valuation by more than $400 million.
The IPO news comes months after Dole Food Company merged with Ireland's Total Produce to form the world's largest fruit and vegetable supply business.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Dole's shares have ranged in value from as little as $10.407 up to $13.6381. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Dole's is 0.892. This would suggest that Dole's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $12.11
| 1 week (2024-04-15) | 4.49% |
|---|---|
| 1 month (2024-03-21) | 1.34% |
| 3 months (2024-01-22) | 4.31% |
| 6 months (2023-10-22) | 9.79% |
| 1 year (2023-04-20) | -6.27% |
| 2 years (2022-04-21) | -2.89% |
| 3 years (2021-04-16) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Dole P/E ratio, PEG ratio and EBITDA
Dole's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Dole stocks trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, Dole's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
Dole's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $328 million.
The EBITDA is a measure of a Dole's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
Everything we know about the YanGuFang Int Group IPO, plus information on how to buy in.
Steps to owning and managing EDBL, with 24-hour and historical pricing before you buy.
Steps to owning and managing COCO, with 24-hour and historical pricing before you buy.
Steps to owning and managing PTLO, with 24-hour and historical pricing before you buy.
Steps to owning and managing SG, with 24-hour and historical pricing before you buy.
Steps to owning and managing GRAB, with 24-hour and historical pricing before you buy.
Everything we know about the Gopuff IPO, plus information on how to buy in.
Steps to owning and managing SBUX, with 24-hour and historical pricing before you buy.
Steps to owning and managing MCD, with 24-hour and historical pricing before you buy.
Steps to owning and managing KO, with 24-hour and historical pricing before you buy.