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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has been given an average rating of “Buy” by the six ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.00.

Several equities research analysts recently weighed in on the stock. Lake Street Capital cut 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. Canaccord Genuity Group cut their price target on shares of Bioceres Crop Solutions from $9.50 to $7.00 and set a “buy” rating for the company in a report on Friday. Finally, Oppenheimer decreased their price objective on shares of 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.

Institutional Investors Weigh In On Bioceres Crop Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP lifted its stake 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 purchasing an additional 527,859 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Bioceres Crop Solutions by 49.3% during the third quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock worth $708,000 after buying an additional 29,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bioceres Crop Solutions by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after acquiring an additional 5,341 shares during the last quarter. Ping Capital Management Inc. boosted its holdings 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 acquiring an additional 3,000 shares in the last quarter. Finally, Stifel Financial Corp grew its position 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 acquiring an additional 10,224 shares during the last quarter. 17.68% of the stock is owned by institutional investors.

Bioceres Crop Solutions Stock Down 0.5 %

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’s 50 day moving average is $6.65 and its 200-day moving average is $7.86. The stock has a market capitalization of $348.04 million, a PE ratio of 277.64 and a beta of 0.57.

Bioceres Crop Solutions (NASDAQ:BIOX) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $117.15 million. Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.53%. During the same quarter last year, the business earned ($0.07) EPS. Equities research analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current year.

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.