Shares of AgroFresh Solutions Inc. (NASDAQ:AGFS) have been given an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus price target of $10.26 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given AgroFresh Solutions an industry rank of 84 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded AgroFresh Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th.
Large investors have recently modified their holdings of the stock. Citigroup Inc. boosted its stake in shares of AgroFresh Solutions by 4.3% in the second quarter. Citigroup Inc. now owns 47,339 shares of the company’s stock worth $251,000 after buying an additional 1,957 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of AgroFresh Solutions by 6.5% in the second quarter. BlackRock Advisors LLC now owns 98,307 shares of the company’s stock worth $522,000 after buying an additional 5,968 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of AgroFresh Solutions by 34.6% in the second quarter. Nationwide Fund Advisors now owns 52,212 shares of the company’s stock worth $277,000 after buying an additional 13,434 shares in the last quarter. Alpine Partners VI LLC purchased a new stake in shares of AgroFresh Solutions during the first quarter worth $101,000. Finally, Barclays PLC boosted its stake in shares of AgroFresh Solutions by 1,459.5% in the second quarter. Barclays PLC now owns 20,274 shares of the company’s stock worth $108,000 after buying an additional 18,974 shares in the last quarter. Institutional investors own 73.88% of the company’s stock.
AgroFresh Solutions (NASDAQ:AGFS) opened at 5.33 on Friday. AgroFresh Solutions has a 12 month low of $4.21 and a 12 month high of $8.45. The stock’s 50 day moving average price is $5.69 and its 200-day moving average price is $5.72. The stock’s market cap is $266.35 million.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Tuesday, August 9th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.29. The business had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $17.70 million. AgroFresh Solutions had a positive return on equity of 0.65% and a negative net margin of 42.03%. Equities research analysts predict that AgroFresh Solutions will post ($0.84) EPS for the current year.
AgroFresh Solutions Company Profile
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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