Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Receives $12.13 Consensus PT from Analysts

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. Four 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 target price among brokerages that have issued ratings on the stock in the last year is $12.13.

Several equities analysts recently weighed in on the stock. Oppenheimer cut their price objective on shares of Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Canaccord Genuity Group reduced 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 lowered their target price on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Lake Street Capital reduced their price target on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently made changes to their positions in the business. Fourth Sail Capital LP increased its holdings in shares of Bioceres Crop Solutions by 61.6% during the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after purchasing an additional 1,209,277 shares during the period. Long Focus Capital Management LLC increased its holdings in shares of Bioceres Crop Solutions by 19.9% during the 2nd 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 during the period. Oak Family Advisors LLC increased its holdings in shares of Bioceres Crop Solutions by 1.9% during the 2nd quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after purchasing an additional 1,208 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bioceres Crop Solutions by 9.5% during the 2nd 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. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Bioceres Crop Solutions during the 2nd quarter worth about $472,000. 17.68% of the stock is currently owned by institutional investors.

Bioceres Crop Solutions Price Performance

Shares of NASDAQ:BIOX opened at $7.00 on Monday. The company’s fifty day moving average is $7.14 and its two-hundred day moving average is $9.41. The company has a market cap of $439.95 million, a P/E ratio of 350.18 and a beta of 0.49. Bioceres Crop Solutions has a 12-month low of $5.71 and a 12-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.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 analyst estimates of $117.15 million. During the same quarter in the prior year, the company earned ($0.07) EPS. Equities analysts expect that Bioceres Crop Solutions will post 0.12 earnings per share for the current fiscal 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.