Brokerages Set Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Price Target at $10.00

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has earned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.00.

A number of analysts have issued reports on BIOX shares. Oppenheimer cut their price objective on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Lake Street Capital dropped their price target on shares of Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reduced their price target on Bioceres Crop Solutions from $9.50 to $7.00 and set a “buy” rating on the stock in a research report on Friday, February 7th.

Hedge Funds Weigh In On Bioceres Crop Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourth Sail Capital LP raised its holdings in shares of Bioceres Crop Solutions by 16.6% during the 4th quarter. Fourth Sail Capital LP now owns 3,698,961 shares of the company’s stock worth $22,490,000 after buying an additional 527,859 shares in the last quarter. Ballast Asset Management LP grew its position in Bioceres Crop Solutions by 23.5% in the fourth quarter. Ballast Asset Management LP now owns 431,887 shares of the company’s stock valued at $2,620,000 after acquiring an additional 82,187 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bioceres Crop Solutions by 17.0% during the fourth quarter. JPMorgan Chase & Co. now owns 105,301 shares of the company’s stock worth $640,000 after acquiring an additional 15,328 shares in the last quarter. 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 in the last quarter. Finally, Ping Capital Management Inc. lifted its holdings in shares of Bioceres Crop Solutions by 7.3% in the fourth quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock worth $268,000 after acquiring an additional 3,000 shares during the last quarter. 17.68% of the stock is currently owned by institutional investors and hedge funds.

Bioceres Crop Solutions Stock Performance

NASDAQ:BIOX opened at $4.78 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $7.70. Bioceres Crop Solutions has a 1-year low of $4.70 and a 1-year high of $13.80. The stock has a market cap of $299.75 million, a P/E ratio of 239.12 and a beta of 0.57.

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