Benson Hill (NYSE:BHIL – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
According to Zacks, “Benson Hill Inc. is a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine. Benson Hill Inc., formerly known as Star Peak Corp II, is based in ST. LOUIS. “
BHIL has been the subject of several other reports. Barclays decreased their target price on Benson Hill from $8.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, May 19th. Roth Capital initiated coverage on Benson Hill in a research note on Friday, March 25th. They set a “buy” rating and a $9.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on Benson Hill from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $7.25.
Benson Hill (NYSE:BHIL – Get Rating) last released its earnings results on Monday, May 16th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.10. Analysts anticipate that Benson Hill will post -0.82 EPS for the current year.
Several institutional investors have recently made changes to their positions in BHIL. Wolverine Trading LLC purchased a new position in Benson Hill in the third quarter valued at about $397,000. Sculptor Capital LP purchased a new position in Benson Hill in the third quarter valued at about $918,000. Tao Capital Management LP purchased a new position in Benson Hill in the third quarter valued at about $12,654,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Benson Hill in the third quarter valued at about $3,708,000. Finally, Senvest Management LLC purchased a new position in Benson Hill in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 13.45% of the company’s stock.
Benson Hill Company Profile (Get Rating)
Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.
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