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 111 out of 265 based on the ratings given to its competitors.

Separately, Citigroup reiterated a “neutral” rating and set a $8.00 price objective (down from $9.00) on shares of AgroFresh Solutions in a research note on Monday, August 14th.

In other news, major shareholder Dowdupont Inc. bought 54,063 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $5.55 per share, for a total transaction of $300,049.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 192,523 shares of company stock valued at $1,099,831. 15.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of AGFS. Citadel Advisors LLC raised its holdings 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 during the last quarter. Nationwide Fund Advisors increased its holdings in AgroFresh Solutions by 26.7% in the second quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock valued at $122,000 after buying an additional 3,582 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of AgroFresh Solutions in the third quarter valued at about $133,000. Rhumbline Advisers grew its position in shares of AgroFresh Solutions by 20.3% in the second quarter. Rhumbline Advisers now owns 23,333 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 3,931 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of AgroFresh Solutions in the second quarter valued at about $168,000. 72.61% of the stock is owned by hedge funds and other institutional investors.

AgroFresh Solutions (AGFS) traded down $0.24 during trading on Friday, reaching $5.84. 109,959 shares of the company were exchanged, compared to its average volume of 120,952. The stock has a market cap of $306.05, a price-to-earnings ratio of 608.00 and a beta of 0.89. AgroFresh Solutions has a 12 month low of $2.49 and a 12 month high of $9.05. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.51 and a quick ratio of 2.28.

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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.

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