Adecoagro (NYSE:AGRO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Adecoagro S.A. (NYSE:AGRO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.31 and traded as high as $8.53. Adecoagro shares last traded at $8.1850, with a volume of 655,664 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on AGRO. JPMorgan Chase & Co. began coverage on shares of Adecoagro in a report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target for the company. Wall Street Zen cut shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. Bank of America upgraded shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a research note on Friday, January 9th. Finally, UBS Group dropped their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average price target of $8.50.

Adecoagro Trading Down 2.9%

The business’s 50-day moving average is $7.94 and its two-hundred day moving average is $8.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The stock has a market capitalization of $819.20 million, a PE ratio of 35.59 and a beta of 0.43.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Monday, December 1st. The company reported $0.00 EPS for the quarter. The company had revenue of $304.21 million during the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. As a group, equities research analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Adecoagro Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd were issued a $0.1749 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a yield of 444.0%. Adecoagro’s dividend payout ratio (DPR) is 152.17%.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sparta 24 Ltd. acquired a new position in Adecoagro during the second quarter worth about $19,197,000. Goldman Sachs Group Inc. increased its position in Adecoagro by 48.4% during the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after purchasing an additional 28,275 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of Adecoagro by 166.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 252,175 shares of the company’s stock worth $2,305,000 after buying an additional 157,655 shares during the period. Pale Fire Capital SE acquired a new stake in shares of Adecoagro in the second quarter worth $774,000. Finally, Vise Technologies Inc. purchased a new position in shares of Adecoagro in the 2nd quarter valued at $277,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.