StockNews.com Lowers Adecoagro (NYSE:AGRO) to Hold

Adecoagro (NYSE:AGRO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, JPMorgan Chase & Co. raised Adecoagro from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.50 to $11.50 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.50.

Adecoagro Trading Up 0.4 %

NYSE AGRO opened at $9.88 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.18, a PEG ratio of 1.46 and a beta of 1.10. The stock’s 50 day moving average price is $10.03 and its two-hundred day moving average price is $10.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87. Adecoagro has a 52 week low of $8.96 and a 52 week high of $12.51.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $261.78 million for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. As a group, analysts anticipate that Adecoagro will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of Adecoagro

Several hedge funds and other institutional investors have recently bought and sold shares of AGRO. Boston Partners increased its holdings in shares of Adecoagro by 410.7% during the first quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after purchasing an additional 546,465 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Adecoagro during the first quarter worth approximately $4,174,000. MQS Management LLC acquired a new stake in shares of Adecoagro during the 1st quarter worth approximately $306,000. Banco BTG Pactual S.A. acquired a new stake in shares of Adecoagro during the 1st quarter worth approximately $1,102,000. Finally, Inspire Investing LLC boosted its position in shares of Adecoagro by 15.8% during the 1st quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock worth $892,000 after acquiring an additional 11,066 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.