Adecoagro S.A. (NYSE:AGRO) Receives $8.50 Average Target Price from Analysts

Adecoagro S.A. (NYSE:AGRO) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.50.

Several equities research analysts recently issued reports on AGRO shares. Citigroup started coverage on Adecoagro in a research report on Monday. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, January 21st. Truist Financial set a $9.00 price target on shares of Adecoagro in a research report on Friday, January 9th. JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a report on Monday, December 1st. They issued an “underweight” rating and a $7.00 price target for the company. Finally, Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a research report on Friday, January 9th.

Adecoagro Stock Down 0.1%

NYSE:AGRO opened at $8.75 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The company has a market capitalization of $875.29 million, a price-to-earnings ratio of 38.02 and a beta of 0.45. Adecoagro has a one year low of $6.89 and a one year high of $11.78. The stock has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $8.21.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, December 1st. The company reported $0.00 EPS for the quarter. The company had revenue of $304.21 million for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. Sell-side analysts predict that Adecoagro will post 1.24 EPS for the current fiscal year.

Institutional Trading of Adecoagro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sparta 24 Ltd. boosted its position 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. Invesco Ltd. lifted its stake in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after buying an additional 212,685 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in Adecoagro in the fourth quarter valued at $2,987,000. Ameriprise Financial Inc. boosted its holdings in shares of Adecoagro by 32.3% during the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after acquiring an additional 90,518 shares during the period. Finally, HRT Financial LP grew its position in shares of Adecoagro by 13.4% during the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after acquiring an additional 36,857 shares during the last quarter. 45.25% of the stock is currently 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.