Shares of AgroFresh Solutions, Inc. (NASDAQ:AGFS) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price target of $8.00 for the company, according to Zacks. Zacks has also assigned AgroFresh Solutions an industry rank of 115 out of 265 based on the ratings given to its competitors.
Separately, Citigroup reaffirmed a “neutral” rating and issued a $8.00 price target (down from $9.00) on shares of AgroFresh Solutions in a report on Monday, August 14th.
Shares of AgroFresh Solutions (NASDAQ AGFS) traded up $0.05 during trading hours on Friday, hitting $5.89. 159,800 shares of the company were exchanged, compared to its average volume of 155,203. The company has a current ratio of 2.51, a quick ratio of 2.28 and a debt-to-equity ratio of 1.05. AgroFresh Solutions has a 1 year low of $2.49 and a 1 year high of $9.05. The company has a market cap of $293.97, a P/E ratio of 584.00 and a beta of 0.89.
In other news, major shareholder Dowdupont Inc. acquired 55,792 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $5.96 per share, for a total transaction of $332,520.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 192,523 shares of company stock valued at $1,099,831 over the last 90 days. 15.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in shares of AgroFresh Solutions by 26.7% during the second quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 3,582 shares in the last quarter. Rhumbline Advisers increased its stake in shares of AgroFresh Solutions by 20.3% during the second quarter. Rhumbline Advisers now owns 23,333 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 3,931 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of AgroFresh Solutions by 41.4% during the second quarter. Citadel Advisors LLC now owns 15,389 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 4,509 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of AgroFresh Solutions by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 99,811 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 5,626 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of AgroFresh Solutions by 8.9% during the first quarter. TIAA CREF Investment Management LLC now owns 69,347 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 5,648 shares in the last quarter. 72.61% of the stock is owned by institutional investors and hedge funds.
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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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