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.
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.
WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.com-unik.info/2017/12/05/brokerages-set-8-00-target-price-for-agrofresh-solutions-inc-agfs.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about AgroFresh Solutions Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AgroFresh Solutions Inc. and related companies.