Brokerages Set Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Price Target at $12.13

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been given an average recommendation of “Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.13.

BIOX has been the topic of a number of research reports. Lake Street Capital dropped their price target on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Canaccord Genuity Group lowered their target price on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Roth Mkm reduced their price target on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Oppenheimer lowered their price objective on shares of Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of large investors have recently bought and sold shares of the company. Fourth Sail Capital LP increased its stake in shares of Bioceres Crop Solutions by 61.6% during the third quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after acquiring an additional 1,209,277 shares during the period. Long Focus Capital Management LLC increased its position in Bioceres Crop Solutions by 19.9% during the 2nd 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 period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Bioceres Crop Solutions during the 2nd quarter worth approximately $472,000. Ping Capital Management Inc. acquired a new stake in shares of Bioceres Crop Solutions in the 2nd quarter valued at approximately $448,000. Finally, Stifel Financial Corp boosted its stake in shares of Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock valued at $321,000 after buying an additional 10,224 shares in the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Stock Up 1.6 %

BIOX stock opened at $6.19 on Friday. The stock has a market cap of $389.03 million, a P/E ratio of 309.65 and a beta of 0.51. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Bioceres Crop Solutions has a twelve month low of $5.71 and a twelve month high of $14.05. The company’s 50 day moving average is $6.75 and its two-hundred day moving average is $8.86.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.53%. The company had revenue of $92.60 million for the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Research analysts expect that Bioceres Crop Solutions will post 0.12 earnings per share for the current fiscal year.

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.