Adecoagro (NYSE:AGRO) Stock Price Up 8.5% – Should You Buy?

by · The Markets Daily

Adecoagro S.A. (NYSE:AGRO – Get Free Report)’s stock price was up 8.5% on Monday. The company traded as high as $10.98 and last traded at $10.96. Approximately 352,689 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,034,245 shares. The stock had previously closed at $10.10.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. UBS Group lowered their price objective on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research note on Thursday, August 27th. JPMorgan Chase & Co. lifted their price objective on Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th. Finally, Santander initiated coverage on Adecoagro in a research report on Monday, September 14th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Reduce” and an average target price of $11.62.

Check Out Our Latest Stock Analysis on Adecoagro

Adecoagro Stock Up 8.5%

The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 33.20 and a beta of -0.02. The stock has a 50 day moving average of $10.62 and a 200 day moving average of $11.68.

Adecoagro (NYSE:AGRO – Get Free Report) last announced its quarterly earnings data on Saturday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The firm had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. As a group, analysts expect that Adecoagro S.A. will post 1.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Several large investors have recently added to or reduced their stakes in AGRO. WINTON GROUP Ltd bought a new stake in Adecoagro during the second quarter valued at $438,000. Amundi boosted its holdings in shares of Adecoagro by 718.5% in the 2nd quarter. Amundi now owns 782,432 shares of the company’s stock valued at $7,472,000 after buying an additional 686,835 shares during the period. HighTower Advisors LLC acquired a new position in shares of Adecoagro in the 2nd quarter valued at about $168,000. Van ECK Associates Corp grew its position in shares of Adecoagro by 57.9% during the 2nd quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock valued at $123,000 after buying an additional 4,723 shares during the last quarter. Finally, Comprehensive Money Management Services LLC bought a new stake in shares of Adecoagro during the 2nd quarter valued at about $705,000. 45.25% of the stock is currently owned by institutional investors.

About Adecoagro

(Get Free Report)

Adecoagro SA is an agribusiness company focused on the production, processing and marketing of agricultural and renewable energy products in South America. The company operates primarily in Argentina, Brazil and Uruguay, where it manages farmland and related processing facilities.

Its activities include the cultivation of grains, oilseeds, rice and other crops, as well as dairy farming. Adecoagro also produces sugar and ethanol from sugarcane and generates renewable energy, including electricity associated with its agricultural and industrial operations.

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