Adecoagro (NYSE:AGRO) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a research report sent to investors on Friday.

Adecoagro Stock Up 0.8 %

AGRO opened at $11.14 on Friday. Adecoagro has a 1-year low of $8.11 and a 1-year high of $12.51. The firm’s 50 day simple moving average is $10.60 and its two-hundred day simple moving average is $10.70. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $1.18 billion, a PE ratio of 5.28 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last announced its earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The company had revenue of $263.95 million during the quarter. As a group, equities analysts forecast that Adecoagro will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

Several large investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted its position in shares of Adecoagro by 95.5% in the first quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock valued at $27,847,000 after acquiring an additional 1,234,654 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Adecoagro by 388.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock worth $4,233,000 after purchasing an additional 287,919 shares during the period. Jennison Associates LLC grew its holdings in Adecoagro by 5.0% during the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock valued at $59,622,000 after buying an additional 255,684 shares in the last quarter. Walleye Capital LLC purchased a new stake in Adecoagro during the 3rd quarter valued at approximately $2,919,000. Finally, Sapient Capital LLC purchased a new position in shares of Adecoagro in the fourth quarter worth $2,294,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.