Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Given Consensus Recommendation of “Buy” by Brokerages

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.63.

A number of brokerages have commented on BIOX. Roth Capital upgraded shares of Bioceres Crop Solutions to a “strong-buy” rating in a report on Tuesday, July 2nd. Lake Street Capital cut their price objective 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. Canaccord Genuity Group cut their price objective on shares of Bioceres Crop Solutions from $17.00 to $12.50 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Oppenheimer dropped their target price on shares of Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group upgraded shares of Bioceres Crop Solutions to a “strong-buy” rating in a research note on Friday, July 19th.

Bioceres Crop Solutions Stock Performance

NASDAQ:BIOX opened at $7.77 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $487.93 million, a price-to-earnings ratio of 777.00 and a beta of 0.47. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $10.89. Bioceres Crop Solutions has a twelve month low of $7.70 and a twelve month high of $14.05.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings data 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 analyst estimates of $126.75 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. As a group, equities research analysts expect that Bioceres Crop Solutions will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently modified their holdings of the stock. Fourth Sail Capital LP raised its stake in shares of Bioceres Crop Solutions by 20.5% in the 2nd quarter. Fourth Sail Capital LP now owns 1,961,825 shares of the company’s stock valued at $21,992,000 after purchasing an additional 334,195 shares in the last quarter. Long Focus Capital Management LLC raised its stake in 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 acquiring an additional 46,647 shares during the period. Wellington Management Group LLP raised its stake in Bioceres Crop Solutions by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock worth $3,253,000 after acquiring an additional 7,096 shares during the period. Oak Family Advisors LLC raised its stake in Bioceres Crop Solutions by 1.9% during the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after acquiring an additional 1,208 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bioceres Crop Solutions by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after acquiring an additional 5,341 shares during the period. Institutional investors and hedge funds own 17.68% of the company’s stock.

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.