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 analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.63.

A number of equities analysts have commented on BIOX shares. Canaccord Genuity Group cut their price target on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their price target on shares of Bioceres Crop Solutions from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Lake Street Capital cut their price target on shares of 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 Up 2.6%

BIOX stock opened at $4.65 on Monday. The company’s 50 day moving average is $4.35 and its 200 day moving average is $5.53. The stock has a market cap of $291.61 million, a price-to-earnings ratio of 232.62 and a beta of 0.40. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. Bioceres Crop Solutions has a 1-year low of $3.51 and a 1-year high of $11.86.

Hedge Funds Weigh In On Bioceres Crop Solutions

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Bioceres Crop Solutions by 3,535.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock valued at $25,000 after buying an additional 5,339 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Bioceres Crop Solutions by 186.8% during the 4th 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 purchased a new position in shares of Bioceres Crop Solutions during the 4th quarter valued at about $72,000. Avanza Fonder AB purchased a new position in shares of Bioceres Crop Solutions during the 1st quarter valued at about $72,000. Finally, PDT Partners LLC purchased a new position in shares of Bioceres Crop Solutions during the 1st quarter valued at about $81,000. 17.68% of the stock is owned by hedge funds and other institutional investors.

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.