Bioceres Crop Solutions (NASDAQ:BIOX) Price Target Lowered to $10.00 at Canaccord Genuity Group

Bioceres Crop Solutions (NASDAQ:BIOX) had its price target trimmed by Canaccord Genuity Group from $12.50 to $10.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on BIOX. Lake Street Capital cut their price target on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Roth Capital upgraded Bioceres Crop Solutions to a “strong-buy” rating in a research note on Tuesday, July 2nd. Oppenheimer cut their price objective on shares of Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Canaccord Genuity Group upgraded shares of Bioceres Crop Solutions to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Roth Mkm cut their price target on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bioceres Crop Solutions has a consensus rating of “Buy” and an average price target of $13.00.

Bioceres Crop Solutions Trading Up 2.3 %

Shares of NASDAQ:BIOX opened at $7.55 on Thursday. The company has a market capitalization of $474.12 million, a PE ratio of 755.00 and a beta of 0.47. The company has a current ratio of 1.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. Bioceres Crop Solutions has a 12-month low of $7.15 and a 12-month high of $14.05. The business’s fifty day simple moving average is $8.92 and its 200-day simple moving average is $10.51.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its earnings results on Monday, September 9th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Bioceres Crop Solutions had a return on equity of 0.93% and a net margin of 0.68%. The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $126.75 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, equities research analysts predict that Bioceres Crop Solutions will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Bioceres Crop Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Long Focus Capital Management LLC raised its holdings in shares of Bioceres Crop Solutions by 19.9% during the second quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock worth $3,145,000 after purchasing an additional 46,647 shares during the last quarter. Fourth Sail Capital LP raised its stake in shares of Bioceres Crop Solutions by 20.5% during the 2nd quarter. Fourth Sail Capital LP now owns 1,961,825 shares of the company’s stock valued at $21,992,000 after buying an additional 334,195 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after buying an additional 5,341 shares during the last quarter. Ping Capital Management Inc. acquired a new position in shares of Bioceres Crop Solutions in the 2nd quarter valued at about $448,000. Finally, Oak Family Advisors LLC boosted its stake in shares of Bioceres Crop Solutions by 1.9% in the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after buying an additional 1,208 shares during the last quarter. 17.68% of the stock is currently owned by institutional investors and hedge funds.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.