Adecoagro (NYSE:AGRO) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Adecoagro S.A. (NYSE:AGRO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.27 and traded as high as $9.23. Adecoagro shares last traded at $9.1350, with a volume of 516,898 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AGRO shares. Wall Street Zen cut Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. JPMorgan Chase & Co. began coverage on shares of Adecoagro in a report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target on the stock. 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. Truist Financial set a $9.00 target price on shares of Adecoagro in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus price target of $8.50.

Adecoagro Trading Up 0.7%

The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $8.08 and a 200 day moving average of $8.27. The firm has a market cap of $914.32 million, a PE ratio of 39.72 and a beta of 0.43.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, December 1st. The company reported $0.00 EPS for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The firm had revenue of $304.21 million for the quarter. Equities analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently modified their holdings of the company. Ping Capital Management Inc. increased its holdings in shares of Adecoagro by 3.1% in the third quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock worth $784,000 after purchasing an additional 3,000 shares during the period. State of Wyoming increased its position in shares of Adecoagro by 17.8% during the 3rd quarter. State of Wyoming now owns 20,270 shares of the company’s stock valued at $159,000 after purchasing an additional 3,067 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of 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 buying an additional 4,286 shares in the last quarter. R Squared Ltd boosted its stake in Adecoagro by 61.1% in the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock worth $175,000 after buying an additional 8,462 shares in the last quarter. Finally, Jeppson Wealth Management LLC bought a new position in Adecoagro during the third quarter valued at approximately $124,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

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.