Canaccord Genuity Group Lowers Bioceres Crop Solutions (NASDAQ:BIOX) Price Target to $6.50

Bioceres Crop Solutions (NASDAQ:BIOX - Free Report) had its price target trimmed by Canaccord Genuity Group from $7.00 to $6.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Oppenheimer dropped their target price on Bioceres Crop Solutions from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Lake Street Capital cut their price objective on shares of Bioceres Crop Solutions from $13.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Bioceres Crop Solutions currently has a consensus rating of "Buy" and an average target price of $9.88.

Bioceres Crop Solutions Stock Up 4.6 %

BIOX stock traded up $0.22 during midday trading on Thursday, reaching $4.96. 946,893 shares of the company's stock traded hands, compared to its average volume of 217,854. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average price is $6.46 and its 200-day moving average price is $7.57. Bioceres Crop Solutions has a 52 week low of $4.42 and a 52 week high of $13.64. The company has a market cap of $311.04 million, a price-to-earnings ratio of 248.12 and a beta of 0.57.

Hedge Funds Weigh In On Bioceres Crop Solutions

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in 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 bought a new position in shares of Bioceres Crop Solutions in the fourth quarter valued at approximately $72,000. Northern Trust Corp purchased a new position in Bioceres Crop Solutions during the fourth quarter valued at approximately $93,000. Maven Securities LTD bought a new position in Bioceres Crop Solutions in the 4th quarter valued at $152,000. Finally, Ping Capital Management Inc. grew 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 valued at $268,000 after purchasing an additional 3,000 shares in the last quarter. 17.68% of the stock is currently owned by hedge funds and other 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.