In a report released today, Ben Klieve from National Securities Corp reiterated a Buy rating on AgroFresh Solutions Inc (AGFS). The company’s shares closed yesterday at $1.51, close to its 52-week low of $1.33.
According to TipRanks.com, Klieve is a 4-star analyst with an average return of 6.1% and a 51.6% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Yield10 Bioscience Inc, Arcadia Biosciences, and S&W Seed Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AgroFresh Solutions Inc with a $5.50 average price target, a 264.2% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $5 price target.
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Based on AgroFresh Solutions Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $12.62 million. In comparison, last year the company had a GAAP net loss of $18.38 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGFS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AgroFresh Solutions, Inc. engages in the provision of food preservation and waste reduction solutions for fresh produce. It offers products through the following brands: Smarter Freshness, Harvista, LandSpring, SmartFresh, AdvanStore, and ActiMist, Textar, and Teycer. The company was founded on October 24, 2013 and is headquartered in Philadelphia, PA.
