Adecoagro (NYSE:AGRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $8.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 7.82% from the company’s previous close.
According to Zacks, “Adecoagro S.A. operates as an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. The Company is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation. Adecoagro S.A. is based in Luxembourg. “
A number of other equities research analysts have also weighed in on the company. ValuEngine upgraded Adecoagro from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Santander cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Citigroup began coverage on shares of Adecoagro in a research note on Tuesday, December 18th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective on the stock. in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.50.
AGRO opened at $7.42 on Tuesday. Adecoagro has a 12 month low of $6.40 and a 12 month high of $9.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 2.23. The company has a market capitalization of $865.58 million, a P/E ratio of 92.75 and a beta of 0.62.
Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Thursday, November 15th. The company reported $0.12 EPS for the quarter. Adecoagro had a negative net margin of 1.88% and a positive return on equity of 16.18%. The firm had revenue of $178.74 million for the quarter. As a group, research analysts expect that Adecoagro will post 0.38 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of AGRO. Quantamental Technologies LLC acquired a new position in shares of Adecoagro in the 4th quarter valued at approximately $42,000. Capital Investment Advisory Services LLC bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $49,000. Jane Street Group LLC bought a new position in shares of Adecoagro during the third quarter valued at about $141,000. GSA Capital Partners LLP bought a new position in Adecoagro in the fourth quarter worth approximately $155,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Adecoagro in the 4th quarter valued at about $164,000. 41.31% of the stock is owned by institutional investors and hedge funds.
Adecoagro Company Profile
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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