Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Given Average Rating of “Buy” by Brokerages

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings 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 1 year price target among brokers that have issued a report on the stock in the last year is $9.88.

A number of equities research analysts have issued reports on the stock. Oppenheimer reduced 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. Canaccord Genuity Group decreased their price objective on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Lake Street Capital cut their target price on Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 7th.

Bioceres Crop Solutions Stock Performance

BIOX opened at $4.90 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.33. Bioceres Crop Solutions has a 52-week low of $3.69 and a 52-week high of $13.18. The firm has a market cap of $307.28 million, a P/E ratio of 245.12 and a beta of 0.73. The business’s fifty day moving average is $5.27 and its 200-day moving average is $6.41.

Hedge Funds Weigh In On Bioceres Crop Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Bioceres Crop Solutions by 186.8% in the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after buying an additional 3,735 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Bioceres Crop Solutions during the 4th quarter valued at $72,000. Northern Trust Corp bought a new stake in Bioceres Crop Solutions during the 4th quarter worth $93,000. Maven Securities LTD acquired a new position in Bioceres Crop Solutions in the 4th quarter worth about $152,000. Finally, Ping Capital Management Inc. increased 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 worth $268,000 after purchasing an additional 3,000 shares in the last quarter. 17.68% of the stock is currently owned by institutional investors and hedge funds.

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.