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

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.13.

A number of brokerages have recently issued reports on BIOX. Canaccord Genuity Group dropped their price objective on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Roth Mkm dropped their price target on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Lake Street Capital decreased their price objective on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Oppenheimer lowered their price objective on Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st.

Institutional Trading of Bioceres Crop Solutions

Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in shares of Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock valued at $321,000 after acquiring an additional 10,224 shares during the last quarter. Fourth Sail Capital LP raised its position in Bioceres Crop Solutions by 61.6% in the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock valued at $24,957,000 after purchasing an additional 1,209,277 shares during the last quarter. Long Focus Capital Management LLC boosted its stake in Bioceres Crop Solutions by 19.9% in the second quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock worth $3,145,000 after purchasing an additional 46,647 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Bioceres Crop Solutions by 9.5% in 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 in the last quarter. Finally, Ping Capital Management Inc. acquired a new stake in shares of Bioceres Crop Solutions in the second quarter valued at $448,000. 17.68% of the stock is owned by institutional investors.

Bioceres Crop Solutions Stock Down 4.8 %

BIOX stock opened at $6.13 on Monday. Bioceres Crop Solutions has a twelve month low of $5.71 and a twelve month high of $14.05. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $385.27 million, a PE ratio of 306.65 and a beta of 0.49. The business’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $9.52.

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). The firm had revenue of $92.60 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted ($0.07) EPS. On average, 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.