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

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been assigned an average rating of “Buy” from the six research firms that are covering the company, 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 twelve-month target price among analysts that have covered the stock in the last year is $10.00.

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

Bioceres Crop Solutions Stock Performance

Shares of BIOX opened at $5.55 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. Bioceres Crop Solutions has a 12 month low of $5.50 and a 12 month high of $14.05. The firm has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $7.86. The stock has a market capitalization of $348.04 million, a price-to-earnings ratio of 277.64 and a beta of 0.57.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $92.60 million during the quarter, compared to the consensus estimate of $117.15 million. During the same quarter in the previous year, the business earned ($0.07) EPS. Research analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current fiscal year.

Institutional Trading of Bioceres Crop Solutions

A number of hedge funds have recently modified their holdings of BIOX. Ping Capital Management Inc. raised its holdings in Bioceres Crop Solutions by 7.3% in the 4th quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock valued at $268,000 after acquiring an additional 3,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 5,341 shares during the period. Stifel Financial Corp lifted its holdings in Bioceres Crop Solutions by 33.4% during the 3rd quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after purchasing an additional 10,224 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Bioceres Crop Solutions by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after purchasing an additional 29,693 shares during the period. Finally, Fourth Sail Capital LP grew its holdings in Bioceres Crop Solutions by 16.6% in the 4th quarter. Fourth Sail Capital LP now owns 3,698,961 shares of the company’s stock valued at $22,490,000 after buying an additional 527,859 shares in the last quarter. Institutional investors and hedge funds own 17.68% of the company’s stock.

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.