NASDAQ:AGFSAgroFresh Solutions Stock Price, Forecast & News

$3.20

-0.07 (-2.14 %)

(As of 05/22/2020 04:00 PM ET)

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Today's Range

$3.05

Now: $3.20▼

$3.23

50-Day Range

$1.44

MA: $2.00▼

$3.40

52-Week Range

$1.00

Now: $3.20▼

$4.20

Volume223,333 shs

Average Volume270,822 shs

Market Capitalization$163.42 million

P/E RatioN/A

Dividend YieldN/A

Beta1.06

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. The company's flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display. It also provides Harvista technology for use in pre-harvest management of pome fruit, apples, pears, cherries, and blueberries. In addition, the company is developing RipeLock Quality System, a proprietary technology that extends the shelf life of bananas; FreshCloud, a suite of monitoring and screening solutions; and LandSpring, a technology that minimizes stress induced ethylene effects in vegetable seedling transplants allowing for post-transplant vigor. The company was formerly known as Boulevard Acquisition Corp. and changed its name to AgroFresh Solutions, Inc. in July 2015. AgroFresh Solutions, Inc. is headquartered in Philadelphia, Pennsylvania.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
AgroFresh Solutions has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.75, AgroFresh Solutions has a potential upside of 79.7% from its current price of $3.20.
Amount of Analyst Coverage
AgroFresh Solutions has only been the subject of 2 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
AgroFresh Solutions has received 271 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
AgroFresh Solutions has received 275 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
AgroFresh Solutions has received 50.37% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about AgroFresh Solutions and other stocks. Vote “Outperform” if you believe AGFS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AGFS will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
AgroFresh Solutions does not currently pay a dividend.
Dividend Growth
AgroFresh Solutions does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AgroFresh Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.60% of the stock of AgroFresh Solutions is held by insiders.
Percentage Held by Institutions
71.83% of the stock of AgroFresh Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for AgroFresh Solutions are expected to grow in the coming year, from ($0.30) to ($0.27) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AgroFresh Solutions is -2.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of AgroFresh Solutions is -2.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
AgroFresh Solutions has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Holding & other investment offices

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNASDAQ:AGFS

Previous Symbol

CUSIPN/A

CIK1592016

Webwww.agrofresh.com

Phone267-317-9139

Debt

Debt-to-Equity Ratio1.24

Current Ratio2.63

Quick Ratio2.14

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$170.07 million

Price / Sales0.96

Cash Flow$1.48 per share

Price / Cash Flow2.16

Book Value$6.28 per share

Price / Book0.51

Profitability

EPS (Most Recent Fiscal Year)($0.28)

Net Income$-60,830,000.00

Net Margins-31.59%

Return on Equity-4.24%

Return on Assets-1.71%

Miscellaneous

Employees285

Outstanding Shares51,070,000

Market Cap$163.42 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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AgroFresh Solutions (NASDAQ:AGFS) Frequently Asked Questions

How has AgroFresh Solutions' stock been impacted by COVID-19 (Coronavirus)?

AgroFresh Solutions' stock was trading at $1.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AGFS stock has increased by 83.9% and is now trading at $3.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of AgroFresh Solutions?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AgroFresh Solutions in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for AgroFresh Solutions.

When is AgroFresh Solutions' next earnings date?

AgroFresh Solutions is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for AgroFresh Solutions.

How were AgroFresh Solutions' earnings last quarter?

AgroFresh Solutions Inc (NASDAQ:AGFS) issued its quarterly earnings data on Monday, May, 11th. The basic materials company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.09. The basic materials company had revenue of $33.02 million for the quarter, compared to analyst estimates of $40.33 million. AgroFresh Solutions had a negative net margin of 31.59% and a negative return on equity of 4.24%. View AgroFresh Solutions' earnings history.

What price target have analysts set for AGFS?

2 analysts have issued 1 year price objectives for AgroFresh Solutions' shares. Their forecasts range from $5.50 to $6.00. On average, they expect AgroFresh Solutions' share price to reach $5.75 in the next year. This suggests a possible upside of 79.7% from the stock's current price. View analysts' price targets for AgroFresh Solutions.

What are Wall Street analysts saying about AgroFresh Solutions stock?

Here are some recent quotes from research analysts about AgroFresh Solutions stock:

1. According to Zacks Investment Research, "AgroFresh Solutions, Inc. is engaged in providing data driven specialty chemical solutions. Its flagship product is the SmartFresh(TM) Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. AgroFresh Solutions, Inc., formerly known as Boulevard Acquisition Corp., is headquartered in Collegeville, Pennsylvania. " (5/15/2020)
2. National Securities analysts commented, " Second Quarter Results. Revenue of $21.2 million beat consensus estimates of $18.9 million, and represented growth of 15%, and 17% on a constant currency basis, as compared to our low-to-mid single digit growth outlook. Margins held firm and free cash flow improved $0.08 per share.
 Debt Outlook. $2.1 million of debt was repaid in the quarter, and on the earnings call management stressed that deleveraging and debt restructuring is its highest priority. We believe the company remains well positioned to deliver roughly $30 million of annual free cash flows in both 2019 and 2020, $40 million of which we believe can be used to improve the $370 million net debt position
 Tailwinds Entering Second Half. The Washington apple harvest appears to be poised for a meaningful rebound, with industry estimates up 18% from 2018. While we expected a recovery from a depressed 2018 harvest, this level would exceed our expectations and would represent the largest harvest since 2014. While AGFS has diversified its revenue base, this harvest still represents the single largest second revenue contributor, and given that AGFS products are based on volume we believe this can be a meaningful catalyst for the third and fourth quarters.
 Depressed Valuation With Meaningful Upside. While we acknowledge risks from the capital structure, we believe the stock has gone well into oversold territory. Given an improving revenue line with strong and stable margins, we believe the company is strong enough to service and restructure its debt. With multiples based on our 2020 estimates of 6.1x on an EV/EBITDA basis and 2.8x on a P/FCF basis, we believe upside potential outweighs the risks from capital structure." (8/9/2019)

Has AgroFresh Solutions been receiving favorable news coverage?

News headlines about AGFS stock have trended extremely negative on Monday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. AgroFresh Solutions earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutAgroFresh Solutions.

Are investors shorting AgroFresh Solutions?

AgroFresh Solutions saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,170,000 shares, an increase of 9.3% from the April 30th total of 1,070,000 shares. Based on an average trading volume of 83,600 shares, the days-to-cover ratio is presently 14.0 days. Approximately 2.4% of the shares of the stock are sold short. View AgroFresh Solutions' Current Options Chain.

Who are some of AgroFresh Solutions' key competitors?

Some companies that are related to AgroFresh Solutions include Bain Capital Specialty Finance (BCSF), HAYMAKER ACQUIS/SH CL A (HYAC), Grid Dynamics (GDYN), Alberton Acquisition (CFFA), Gores Holdings III (GRSH), Global Cord Blood (CO), Thunder Bridge Acquisition II (SSPK), Crescent Capital BDC (CCAP), Leisure Acquisition (NEBU), FORUM MERGER II/SH CL A (FMCI), Andina Acquisition Corp. III (AMCI), New Frontier Health (NFH), ANDINA ACQUISIT/SH SH (ANDA), Proficient Alpha Acquisition (PAAC) and Opes Acquisition (OPES). View all competitors.

What other stocks do shareholders of AgroFresh Solutions own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AgroFresh Solutions investors own include Cypress Semiconductor (CY), Intelsat (I), Starbucks (SBUX), Intel (INTC), Apollo Global Management (APO), DowDuPont (DWDP), AMC Entertainment (AMC), Activision Blizzard (ATVI), Walt Disney (DIS) and Gilead Sciences (GILD).

Who are AgroFresh Solutions' key executives?

AgroFresh Solutions' management team includes the following people:

Mr. Jordi Ferre, CEO & Director (Age 55)
Mr. Thomas Ermi, Exec. VP, Gen. Counsel & Sec. (Age 54)
Dr. Graham G. Miao, Exec. VP & CFO (Age 55)
Mr. Bill Lucas, VP of Global Marketing & Bus. Devel.
Mr. John Cassidy, Sr. Director of Fin. & Strategic Planning

What is AgroFresh Solutions' stock symbol?

AgroFresh Solutions trades on the NASDAQ under the ticker symbol "AGFS."

Who are AgroFresh Solutions' major shareholders?

AgroFresh Solutions' stock is owned by many different institutional and retail investors. Top institutional investors include First Manhattan Co. (5.50%), Geode Capital Management LLC (0.42%), Grantham Mayo Van Otterloo & Co. LLC (0.19%), Morgan Stanley (0.12%), WINTON GROUP Ltd (0.12%) and Wells Fargo & Company MN (0.08%). Company insiders that own AgroFresh Solutions stock include Dowdupont Inc, George Lobisser, Gregory M Freiwald, Jordi Ferre, Nance K Dicciani and Robert J Campbell. View institutional ownership trends for AgroFresh Solutions.

Which major investors are selling AgroFresh Solutions stock?

AGFS stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., WINTON GROUP Ltd, Morgan Stanley, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity for AgroFresh Solutions.

Which major investors are buying AgroFresh Solutions stock?

AGFS stock was acquired by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, and Wells Fargo & Company MN. Company insiders that have bought AgroFresh Solutions stock in the last two years include Dowdupont Inc, Gregory M Freiwald, Jordi Ferre, Nance K Dicciani, and Robert J Campbell. View insider buying and selling activity for AgroFresh Solutions.

How do I buy shares of AgroFresh Solutions?

Shares of AGFS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is AgroFresh Solutions' stock price today?

One share of AGFS stock can currently be purchased for approximately $3.20.

How big of a company is AgroFresh Solutions?

AgroFresh Solutions has a market capitalization of $163.42 million and generates $170.07 million in revenue each year. The basic materials company earns $-60,830,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. AgroFresh Solutions employs 285 workers across the globe.

What is AgroFresh Solutions' official website?

The official website for AgroFresh Solutions is www.agrofresh.com.

How can I contact AgroFresh Solutions?

AgroFresh Solutions' mailing address is ONE WASHINGTON SQUARE 510-530 WALNUT STREET SUITE 1350, PHILADELPHIA PA, 19106. The basic materials company can be reached via phone at 267-317-9139 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff