Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Receives Average Rating of “Buy” from Analysts

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been given an average rating of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Four equities research 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 brokers that have covered the stock in the last year is $13.63.

Several equities research analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Bioceres Crop Solutions to a “strong-buy” rating in a research note on Friday, July 19th. Lake Street Capital dropped 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 research note on Wednesday, September 11th. Roth Capital upgraded shares of Bioceres Crop Solutions to a “strong-buy” rating in a research note on Tuesday, July 2nd. Oppenheimer decreased their price objective on shares of Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, Roth Mkm decreased their price objective on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 11th.

Bioceres Crop Solutions Price Performance

Shares of NASDAQ:BIOX opened at $7.77 on Friday. The firm’s 50 day moving average is $9.52 and its two-hundred day moving average is $10.89. Bioceres Crop Solutions has a 52 week low of $7.70 and a 52 week high of $14.05. The firm has a market capitalization of $487.93 million, a P/E ratio of 777.00 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 (NASDAQ:BIOX) last announced its quarterly earnings results on Monday, September 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Bioceres Crop Solutions had a net margin of 0.68% and a return on equity of 0.93%. 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 previous year, the business posted ($0.06) EPS. Analysts anticipate that Bioceres Crop Solutions will post 0.39 earnings per share for the current year.

Institutional Trading of Bioceres Crop Solutions

A number of large investors have recently added to or reduced their stakes in the business. Oak Family Advisors LLC boosted its holdings 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 buying an additional 1,208 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 5,341 shares in the last quarter. Wellington Management Group LLP boosted its holdings 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 buying an additional 7,096 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Bioceres Crop Solutions during the first quarter worth approximately $139,000. Finally, Lazard Asset Management LLC bought a new stake in Bioceres Crop Solutions during the first quarter worth approximately $212,000. 17.68% of the stock is currently owned by institutional investors.

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.