Shares of AgroFresh Solutions Inc. (NASDAQ:AGFS) have earned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Brokerages have set a 1-year consensus target price of $10.26 for the company and are predicting 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 81 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered AgroFresh Solutions from a “buy” rating to a “strong sell” rating in a research report on Thursday, August 18th.
AgroFresh Solutions (NASDAQ:AGFS) traded up 0.19% during midday trading on Friday, reaching $5.36. The company’s stock had a trading volume of 47,137 shares. AgroFresh Solutions has a 52 week low of $4.21 and a 52 week high of $8.50. The firm’s market capitalization is $267.84 million. The stock has a 50 day moving average of $5.71 and a 200 day moving average of $5.73.
AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.29. The firm earned $18.40 million during the quarter, compared to the consensus estimate of $17.70 million. AgroFresh Solutions had a negative net margin of 42.03% and a positive return on equity of 0.65%. On average, equities research analysts predict that AgroFresh Solutions will post ($0.84) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Group LTD bought a new position in AgroFresh Solutions during the first quarter valued at about $786,000. JPMorgan Chase & Co. increased its stake in shares of AgroFresh Solutions by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 174,814 shares of the company’s stock valued at $1,119,000 after buying an additional 46,814 shares during the last quarter. Alpine Partners VI LLC acquired a new stake in shares of AgroFresh Solutions during the first quarter valued at approximately $101,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AgroFresh Solutions during the first quarter valued at approximately $203,000. Finally, First Manhattan Co. increased its stake in shares of AgroFresh Solutions by 16.5% in the second quarter. First Manhattan Co. now owns 3,169,284 shares of the company’s stock valued at $16,828,000 after buying an additional 447,818 shares during the last quarter. Institutional investors and hedge funds own 73.88% of the company’s stock.
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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