Adecoagro (NYSE:AGRO) Upgraded at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen upgraded shares of Adecoagro (NYSE:AGRO – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
AGRO has been the topic of several other research reports. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and upped their price target for the company from $8.00 to $16.20 in a report on Monday, March 30th. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $9.50 to $13.00 in a report on Tuesday, March 17th. Finally, Truist Financial set a $9.00 price target on Adecoagro in a report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.84.
Get Our Latest Stock Report on AGRO
Adecoagro Stock Performance
AGRO opened at $15.21 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -190.05, a price-to-earnings-growth ratio of 0.31 and a beta of 0.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The business has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $8.96.
Adecoagro (NYSE:AGRO – Get Free Report) last released its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $432.91 million during the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. Research analysts predict that Adecoagro will post 1.24 EPS for the current fiscal year.
Insider Transactions at Adecoagro
In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. The trade was a 10.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.
Institutional Trading of Adecoagro
Large investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new stake in Adecoagro during the 3rd quarter valued at $1,082,000. Sparta 24 Ltd. raised its stake in Adecoagro by 4.8% during the 3rd quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock valued at $17,250,000 after purchasing an additional 100,000 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Adecoagro during the 3rd quarter valued at $295,000. Pale Fire Capital SE acquired a new stake in Adecoagro during the 2nd quarter valued at $774,000. Finally, Quantbot Technologies LP raised its stake in Adecoagro by 7.5% during the 3rd quarter. Quantbot Technologies LP now owns 61,776 shares of the company’s stock valued at $484,000 after purchasing an additional 4,286 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.
About Adecoagro
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.