Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Receives $9.88 Consensus Price Target from Brokerages

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have earned a consensus rating of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.88.

A number of equities research analysts recently weighed in on BIOX shares. Lake Street Capital lowered their target price on shares of Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Oppenheimer lowered their target price on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Canaccord Genuity Group lowered their target price on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, February 13th.

Bioceres Crop Solutions Price Performance

Shares of NASDAQ BIOX opened at $5.19 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. Bioceres Crop Solutions has a 1-year low of $3.69 and a 1-year high of $13.50. The firm has a market capitalization of $325.47 million, a P/E ratio of 259.63 and a beta of 0.57. The firm’s 50-day moving average price is $5.87 and its 200-day moving average price is $7.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BIOX. Bank of America Corp DE lifted its stake in shares of Bioceres Crop Solutions by 186.8% during the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after buying an additional 3,735 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Bioceres Crop Solutions during the 4th quarter valued at approximately $72,000. Northern Trust Corp purchased a new stake in shares of Bioceres Crop Solutions during the 4th quarter valued at approximately $93,000. Maven Securities LTD purchased a new stake in shares of Bioceres Crop Solutions during the 4th quarter valued at approximately $152,000. Finally, Ping Capital Management Inc. lifted its stake in shares of Bioceres Crop Solutions by 7.3% during the 4th quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock valued at $268,000 after buying an additional 3,000 shares in the last quarter. 17.68% of the stock is owned by institutional investors.

About Bioceres Crop Solutions

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.