Shares of AgroFresh Solutions Inc (NASDAQ:AGFS) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus target price of $8.00 for the company, according to Zacks. Zacks has also given AgroFresh Solutions an industry rank of 197 out of 265 based on the ratings given to related companies.
AGFS has been the topic of a number of research reports. BidaskClub upgraded AgroFresh Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded AgroFresh Solutions from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.
In related news, major shareholder Dowdupont Inc. purchased 27,078 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of $5.39 per share, for a total transaction of $145,950.42. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 467,027 shares of company stock worth $2,939,097 over the last quarter. Insiders own 15.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of AgroFresh Solutions by 49.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 337,674 shares of the basic materials company’s stock worth $2,374,000 after purchasing an additional 111,568 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in AgroFresh Solutions in the 3rd quarter valued at approximately $133,000. American Century Companies Inc. increased its position in AgroFresh Solutions by 24.6% in the 3rd quarter. American Century Companies Inc. now owns 230,997 shares of the basic materials company’s stock valued at $1,624,000 after acquiring an additional 45,661 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in AgroFresh Solutions in the 2nd quarter valued at approximately $170,000. Finally, State Street Corp increased its position in AgroFresh Solutions by 30.9% in the 2nd quarter. State Street Corp now owns 358,217 shares of the basic materials company’s stock valued at $2,573,000 after acquiring an additional 84,525 shares during the period. Institutional investors and hedge funds own 72.61% of the company’s stock.
Shares of AgroFresh Solutions (NASDAQ AGFS) traded up $0.06 during trading on Tuesday, hitting $7.56. The stock had a trading volume of 120,503 shares, compared to its average volume of 124,292. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.51 and a quick ratio of 2.28. The firm has a market cap of $380.55, a PE ratio of -5.40 and a beta of 0.90. AgroFresh Solutions has a fifty-two week low of $2.55 and a fifty-two week high of $9.05.
AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.19 earnings per share for the quarter. AgroFresh Solutions had a positive return on equity of 0.19% and a negative net margin of 42.54%.
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About AgroFresh Solutions
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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