Oppenheimer Cuts Bioceres Crop Solutions (NASDAQ:BIOX) Price Target to $7.00

Bioceres Crop Solutions (NASDAQ:BIOX) had its target price reduced by Oppenheimer from $8.00 to $7.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on BIOX. Lake Street Capital decreased their price objective on Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group lowered 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 note on Thursday, February 13th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $8.63.

Bioceres Crop Solutions Stock Up 2.8 %

Shares of BIOX opened at $4.35 on Tuesday. The firm has a market cap of $272.79 million, a P/E ratio of 217.61 and a beta of 0.60. The stock has a 50 day simple moving average of $4.40 and a two-hundred day simple moving average of $5.86. Bioceres Crop Solutions has a 1 year low of $3.51 and a 1 year high of $13.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 0.96.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently bought and sold shares of BIOX. Stifel Financial Corp lifted its stake in shares of Bioceres Crop Solutions by 33.4% in the 3rd 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of Bioceres Crop Solutions by 49.3% during the third quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after purchasing an additional 29,693 shares during the last quarter. Ping Capital Management Inc. grew its stake in shares of 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 buying an additional 3,000 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in Bioceres Crop Solutions by 16.6% in the fourth quarter. Fourth Sail Capital LP now owns 3,698,961 shares of the company’s stock worth $22,490,000 after acquiring an additional 527,859 shares in the last quarter. Finally, Ballast Asset Management LP grew its stake in shares of Bioceres Crop Solutions by 23.5% in the fourth quarter. Ballast Asset Management LP now owns 431,887 shares of the company’s stock worth $2,620,000 after acquiring an additional 82,187 shares during the last quarter. 17.68% of the stock is owned by institutional investors.

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.