Shares of Adecoagro SA (NYSE:AGRO) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.06.
AGRO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Adecoagro from a “sell” rating to a “hold” rating and set a $8.75 price objective on the stock in a research note on Tuesday. ValuEngine lowered shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Friday, November 15th. TheStreet upgraded shares of Adecoagro from a “d” rating to a “c-” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Adecoagro from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $9.00 in a research note on Tuesday.
Shares of AGRO stock traded up $0.03 during mid-day trading on Tuesday, reaching $7.80. 38,256 shares of the stock traded hands, compared to its average volume of 295,603. The stock’s fifty day simple moving average is $6.52 and its two-hundred day simple moving average is $6.43. Adecoagro has a 1-year low of $5.29 and a 1-year high of $8.05. The company has a market cap of $901.01 million, a price-to-earnings ratio of 10.00 and a beta of 0.71. The company has a quick ratio of 0.78, a current ratio of 1.55 and a debt-to-equity ratio of 0.86.
Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.27. The firm 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%. On average, equities research analysts anticipate that Adecoagro will post 0.28 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Virginia Retirement Systems ET AL bought a new stake in shares of Adecoagro during the 2nd quarter valued at about $86,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Adecoagro by 180.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 26,034 shares of the company’s stock worth $186,000 after buying an additional 16,760 shares in the last quarter. A.R.T. Advisors LLC boosted its holdings in shares of Adecoagro by 199.6% during the 2nd quarter. A.R.T. Advisors LLC now owns 36,023 shares of the company’s stock worth $257,000 after buying an additional 23,998 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Adecoagro by 43.1% during the 3rd quarter. California Public Employees Retirement System now owns 49,337 shares of the company’s stock worth $288,000 after buying an additional 14,871 shares during the period. Finally, US Bancorp DE grew its position in shares of Adecoagro by 2.4% during the 2nd quarter. US Bancorp DE now owns 77,408 shares of the company’s stock worth $552,000 after buying an additional 1,800 shares during the period. Hedge funds and other institutional investors own 46.16% of the company’s stock.
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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