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

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have been given an average rating of “Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.88.

A number of brokerages have recently issued reports on BIOX. Lake Street Capital lowered their price objective on Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Oppenheimer dropped their price target on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Canaccord Genuity Group decreased their price objective on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, February 13th.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently modified their holdings of BIOX. JPMorgan Chase & Co. lifted its position in shares of Bioceres Crop Solutions by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after acquiring an additional 29,693 shares during the period. Stifel Financial Corp increased its stake in 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 purchasing an additional 10,224 shares in the last quarter. Fourth Sail Capital LP raised its holdings in shares of Bioceres Crop Solutions by 16.6% during the fourth 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 period. Ping Capital Management Inc. boosted its position 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 worth $268,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Bioceres Crop Solutions by 186.8% in 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 during the period. 17.68% of the stock is currently owned by institutional investors.

Bioceres Crop Solutions Stock Up 1.2 %

Shares of NASDAQ:BIOX opened at $4.90 on Friday. The firm has a market cap of $307.28 million, a P/E ratio of 245.12 and a beta of 0.73. Bioceres Crop Solutions has a 12-month low of $3.69 and a 12-month high of $13.18. The business has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $6.41. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.43.

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.