Analysts Anticipate AgroFresh Solutions Inc. (AGFS) to Post $0.41 EPS
Shares of AgroFresh Solutions Inc. (NASDAQ:AGFS) have been given an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokers have set a 1-year consensus target price of $10.26 for the company and are forecasting 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 97 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of AgroFresh Solutions from a “buy” rating to a “strong sell” rating in a research report on Thursday, August 18th.
Shares of AgroFresh Solutions (NASDAQ:AGFS) opened at 5.09 on Friday. AgroFresh Solutions has a 12 month low of $4.21 and a 12 month high of $8.37. The company’s 50-day moving average is $5.65 and its 200 day moving average is $5.70. The company’s market capitalization is $254.35 million.
AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Tuesday, August 9th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.29. AgroFresh Solutions had a positive return on equity of 0.65% and a negative net margin of 42.03%. The business had revenue of $18.40 million for the quarter, compared to the consensus estimate of $17.70 million. On average, equities research analysts anticipate that AgroFresh Solutions will post ($0.84) earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in AgroFresh Solutions by 4.3% in the second quarter. Citigroup Inc. now owns 47,339 shares of the company’s stock valued at $251,000 after buying an additional 1,957 shares during the last quarter. BlackRock Advisors LLC raised its position 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 valued at $522,000 after buying an additional 5,968 shares during the last quarter. Nationwide Fund Advisors raised its position 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 valued at $277,000 after buying an additional 13,434 shares during the last quarter. Alpine Partners VI LLC bought a new position in shares of AgroFresh Solutions during the first quarter valued at approximately $101,000. Finally, Barclays PLC raised its position 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 valued at $108,000 after buying an additional 18,974 shares during the last quarter. 73.88% of the stock is owned by institutional investors and hedge funds.
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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