Adecoagro (NYSE:AGRO) Upgraded to Neutral at JPMorgan Chase & Co.

Adecoagro (NYSE:AGRO) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $11.50 target price on the stock, up from their previous target price of $10.50. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.19% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Adecoagro from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Adecoagro Stock Up 0.2 %

AGRO stock opened at $9.73 on Monday. The firm has a market cap of $1.01 billion, a PE ratio of 4.12, a P/E/G ratio of 1.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87. The firm’s fifty day moving average is $10.10 and its 200 day moving average is $10.38. Adecoagro has a one year low of $8.96 and a one year high of $12.51.

Adecoagro (NYSE:AGRO) last announced its earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. The business had revenue of $261.78 million for the quarter. On average, research analysts forecast that Adecoagro will post 1.74 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently bought and sold shares of AGRO. Sapient Capital LLC acquired a new stake in shares of Adecoagro during the fourth quarter valued at about $2,294,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Adecoagro in the fourth quarter valued at approximately $958,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Adecoagro by 60.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after purchasing an additional 167,608 shares in the last quarter. Helikon Investments Ltd grew its holdings in shares of Adecoagro by 12.4% in the fourth quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company’s stock valued at $14,344,000 after purchasing an additional 142,595 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Adecoagro in the third quarter valued at approximately $2,919,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

About Adecoagro

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.