H.C. Wainwright Thinks AgroFresh Solutions Inc’s Stock is Going to Recover

AgroFresh Solutions Inc (AGFSResearch Report) received a Buy rating and a $5 price target from H.C. Wainwright analyst Amit Dayal today. The company’s shares closed yesterday at $3.25, close to its 52-week low of $3.08.

According to TipRanks.com, Dayal has 0 stars on 0-5 star ranking scale with an average return of -2.6% and a 46.7% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Westport Fuel Systems Inc, and Pointer Telocation Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AgroFresh Solutions Inc with a $5 average price target.

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Based on AgroFresh Solutions Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.18 million. In comparison, last year the company had a GAAP net loss of $12.97 million.

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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.

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