Adecoagro (NYSE:AGRO) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of Adecoagro (NYSE:AGRO) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $12.00 price target on the stock.

A number of other equities analysts have also weighed in on AGRO. StockNews.com lowered shares of Adecoagro from a buy rating to a hold rating in a research report on Tuesday, August 13th. Morgan Stanley cut Adecoagro from an overweight rating to an equal weight rating and cut their price target for the company from $14.50 to $12.50 in a report on Tuesday, September 17th. Bank of America decreased their price objective on Adecoagro from $15.50 to $14.50 and set a buy rating on the stock in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. upgraded shares of Adecoagro from an underweight rating to a neutral rating and increased their price objective for the company from $10.50 to $11.50 in a research report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Adecoagro has a consensus rating of Hold and an average target price of $12.63.

Adecoagro Trading Up 0.7 %

NYSE:AGRO opened at $11.04 on Monday. The business has a fifty day moving average price of $11.05 and a 200-day moving average price of $10.45. Adecoagro has a one year low of $8.72 and a one year high of $12.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.42 and a quick ratio of 0.98. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The business had revenue of $411.42 million for the quarter. Sell-side analysts forecast that Adecoagro will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its stake in Adecoagro by 26.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 156,990 shares of the company’s stock worth $1,743,000 after purchasing an additional 33,000 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Adecoagro by 72.6% in the fourth quarter. Quadrature Capital Ltd now owns 53,775 shares of the company’s stock valued at $597,000 after purchasing an additional 22,612 shares during the period. Helikon Investments Ltd raised its position in Adecoagro by 95.5% during the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock valued at $27,847,000 after purchasing an additional 1,234,654 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Adecoagro in the 1st quarter worth $843,000. Finally, Jennison Associates LLC grew its position in shares of Adecoagro by 10.5% during the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock worth $65,379,000 after buying an additional 561,352 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.