Roth Mkm Lowers Bioceres Crop Solutions (NASDAQ:BIOX) Price Target to $13.00

Bioceres Crop Solutions (NASDAQ:BIOX) had its price objective cut by Roth Mkm from $15.00 to $13.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group restated a buy rating and set a $17.00 target price on shares of Bioceres Crop Solutions in a research note on Friday, July 19th. Lake Street Capital dropped their price target on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a buy rating on the stock in a research report on Wednesday. Oppenheimer cut their price objective on Bioceres Crop Solutions from $17.00 to $16.00 and set an outperform rating on the stock in a research report on Wednesday. Roth Capital upgraded Bioceres Crop Solutions to a strong-buy rating in a research report on Tuesday, July 2nd. Finally, Canaccord Genuity Group raised shares of Bioceres Crop Solutions to a strong-buy rating in a research note on Friday, July 19th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Bioceres Crop Solutions presently has an average rating of Buy and an average price target of $13.63.

Bioceres Crop Solutions Stock Down 0.5 %

NASDAQ:BIOX opened at $8.56 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.28 and a debt-to-equity ratio of 0.35. Bioceres Crop Solutions has a 12-month low of $8.16 and a 12-month high of $14.05. The firm has a market capitalization of $537.57 million, a P/E ratio of 856.00 and a beta of 0.49. The stock’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $11.41.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its earnings results on Monday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Bioceres Crop Solutions had a return on equity of 0.93% and a net margin of 0.68%. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $126.75 million. During the same quarter last year, the company posted ($0.06) EPS. Equities research analysts expect that Bioceres Crop Solutions will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oak Family Advisors LLC boosted its holdings in Bioceres Crop Solutions by 1.9% in the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after acquiring an additional 1,208 shares in the last quarter. Activest Wealth Management purchased a new position in Bioceres Crop Solutions during the first quarter valued at approximately $30,000. Cape Investment Advisory Inc. acquired a new position in shares of Bioceres Crop Solutions in the 4th quarter valued at $33,000. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 5,341 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Bioceres Crop Solutions by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock worth $3,253,000 after acquiring an additional 7,096 shares in the last quarter. 17.68% of the stock is currently owned by 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.