Marrone Bio Innovations Stock Rating Lowered by Zacks (MBII)
Marrone Bio Innovations (NASDAQ:MBII) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $6.60 price target on the stock. Zacks‘s target price suggests a potential upside of 25.71% from the company’s current price.
Shares of Marrone Bio Innovations (NASDAQ:MBII) remained flat at $5.25 during during mid-day trading trading on Wednesday. 111,895 shares of the company’s stock traded hands. Marrone Bio Innovations has a one year low of $5.17 and a one year high of $20.00. The stock has a 50-day moving average of $9.80 and a 200-day moving average of $12.08. The company’s market cap is $109.1 million.
Marrone Bio Innovations (NASDAQ:MBII) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.47) by $0.03. On average, analysts predict that Marrone Bio Innovations will post $-1.77 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MBII. Analysts at Robert W. Baird downgraded shares of Marrone Bio Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $12.00 price target on the stock, down previously from $15.00. Separately, analysts at Piper Jaffray downgraded shares of Marrone Bio Innovations from an “overweight” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $11.00 price target on the stock, down previously from $19.00. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $14.43.
Marrone Bio Innovations, Inc is a provider of bio-based pest management and plant health products. Bio-based products are consists of naturally occurring microorganisms, such as bacteria and fungi, and plant extracts.
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