ValuEngine upgraded shares of Adecoagro (NYSE:AGRO) from a strong sell rating to a sell rating in a report released on Monday, February 4th.
Several other analysts have also commented on AGRO. Zacks Investment Research raised Adecoagro from a sell rating to a hold rating in a report on Monday, December 24th. Santander lowered Adecoagro from a buy rating to a hold rating in a report on Tuesday, December 11th. Morgan Stanley lowered Adecoagro from an overweight rating to an equal weight rating and set a $10.00 target price for the company. in a report on Wednesday, January 16th. Finally, Citigroup started coverage on Adecoagro in a report on Tuesday, December 18th. They set a neutral rating for the company. Eight research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average target price of $9.50.
AGRO traded down $0.03 during trading on Monday, hitting $7.08. The company’s stock had a trading volume of 432,843 shares, compared to its average volume of 253,179. The firm has a market cap of $875.29 million, a PE ratio of 88.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 2.23. Adecoagro has a twelve month low of $6.40 and a twelve month high of $9.06.
A number of hedge funds have recently made changes to their positions in the business. Brandes Investment Partners LP lifted its position in Adecoagro by 76.7% during the 3rd quarter. Brandes Investment Partners LP now owns 7,712,716 shares of the company’s stock worth $56,688,000 after buying an additional 3,347,090 shares in the last quarter. Route One Investment Company L.P. boosted its holdings in shares of Adecoagro by 53.4% in the third quarter. Route One Investment Company L.P. now owns 8,246,625 shares of the company’s stock valued at $60,613,000 after purchasing an additional 2,870,304 shares during the period. Serengeti Asset Management LP purchased a new stake in shares of Adecoagro during the 3rd quarter valued at $2,940,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Adecoagro during the 3rd quarter worth about $2,212,000. Finally, Point72 Asset Management L.P. lifted its stake in Adecoagro by 26.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,284,753 shares of the company’s stock valued at $9,443,000 after buying an additional 271,546 shares in the last quarter. 41.02% of the stock is owned by institutional investors.
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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