Adecoagro (NYSE:AGRO) Stock Rating Upgraded by TheStreet

Adecoagro (NYSE:AGRO) was upgraded by equities research analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Several other research firms have also recently commented on AGRO. ValuEngine cut shares of Adecoagro from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Zacks Investment Research upgraded Adecoagro from a “sell” rating to a “hold” rating and set a $8.75 target price on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. upgraded Adecoagro from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $9.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Adecoagro currently has an average rating of “Hold” and an average price target of $9.06.

Shares of NYSE AGRO opened at $7.77 on Wednesday. The firm has a market cap of $901.01 million, a P/E ratio of 9.96 and a beta of 0.71. The company has a current ratio of 1.55, a quick ratio of 0.78 and a debt-to-equity ratio of 0.86. Adecoagro has a 1-year low of $5.29 and a 1-year high of $8.05. The business’s 50 day moving average is $6.52 and its 200-day moving average is $6.43.

Adecoagro (NYSE:AGRO) last announced its earnings results on Wednesday, November 13th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.27. The company had revenue of $220.31 million for the quarter. Adecoagro had a positive return on equity of 2.82% and a negative net margin of 1.76%. Analysts forecast that Adecoagro will post 0.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AGRO. FMR LLC increased its holdings in Adecoagro by 2,005.9% during the first quarter. FMR LLC now owns 96,873 shares of the company’s stock worth $668,000 after buying an additional 92,273 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Adecoagro by 52.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 118,455 shares of the company’s stock worth $817,000 after buying an additional 40,911 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Adecoagro during the second quarter worth about $86,000. Sagil Capital LLP purchased a new position in shares of Adecoagro in the second quarter worth about $7,404,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Adecoagro in the second quarter worth about $1,152,000. Institutional investors and hedge funds own 46.16% of the company’s stock.

About Adecoagro

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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