AgroFresh Solutions Inc (NASDAQ:AGFS) Receives Consensus Rating of “Buy” from Brokerages

AgroFresh Solutions Inc (NASDAQ:AGFS) has been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.08.

Several research firms have commented on AGFS. ValuEngine raised shares of AgroFresh Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. National Securities reaffirmed a “buy” rating and set a $2.50 price objective on shares of AgroFresh Solutions in a research note on Friday, August 9th.

Shares of AGFS opened at $2.37 on Friday. The company’s fifty day moving average is $2.11 and its 200 day moving average is $2.19. AgroFresh Solutions has a fifty-two week low of $1.33 and a fifty-two week high of $5.90. The stock has a market capitalization of $117.29 million, a PE ratio of -4.23 and a beta of 0.63. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.58 and a current ratio of 1.98.

AgroFresh Solutions (NASDAQ:AGFS) last posted its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.05. The company had revenue of $21.18 million during the quarter, compared to analyst estimates of $18.90 million. AgroFresh Solutions had a negative net margin of 18.44% and a negative return on equity of 8.77%. As a group, research analysts forecast that AgroFresh Solutions will post -0.49 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alambic Investment Management L.P. purchased a new position in AgroFresh Solutions during the second quarter worth $233,000. JPMorgan Chase & Co. boosted its stake in AgroFresh Solutions by 1,063.0% during the second quarter. JPMorgan Chase & Co. now owns 89,479 shares of the basic materials company’s stock worth $131,000 after buying an additional 81,785 shares during the period. SG Americas Securities LLC boosted its stake in AgroFresh Solutions by 68.4% during the second quarter. SG Americas Securities LLC now owns 18,039 shares of the basic materials company’s stock worth $27,000 after buying an additional 7,330 shares during the period. Jane Street Group LLC purchased a new position in AgroFresh Solutions during the second quarter worth $192,000. Finally, A.R.T. Advisors LLC purchased a new position in AgroFresh Solutions during the second quarter worth $34,000. 78.54% of the stock is owned by institutional investors.

AgroFresh Solutions Company Profile

AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.

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Analyst Recommendations for AgroFresh Solutions (NASDAQ:AGFS)

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