Adecoagro (NYSE:AGRO) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Adecoagro (NYSE:AGRO – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

AGRO has been the subject of a number of other research reports. JPMorgan Chase & Co. cut Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Wednesday, February 8th. Morgan Stanley lowered Adecoagro from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.50.

Adecoagro Price Performance

Shares of AGRO opened at $7.51 on Thursday. The firm has a market cap of $836.46 million, a price-to-earnings ratio of 7.66 and a beta of 1.02. The stock has a 50 day moving average of $8.13 and a 200-day moving average of $8.23. The company has a current ratio of 1.67, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Adecoagro has a 52 week low of $6.95 and a 52 week high of $13.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. PGGM Investments acquired a new stake in Adecoagro during the 3rd quarter worth $37,305,000. Ergoteles LLC acquired a new stake in Adecoagro during the 3rd quarter worth $250,000. Verger Capital Management LLC acquired a new stake in Adecoagro during the 3rd quarter worth $1,244,000. Jennison Associates LLC increased its holdings in Adecoagro by 42.7% during the 3rd quarter. Jennison Associates LLC now owns 4,769,722 shares of the company’s stock worth $39,541,000 after purchasing an additional 1,426,974 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Adecoagro by 5.3% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,336,468 shares of the company’s stock worth $45,147,000 after purchasing an additional 267,362 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

About Adecoagro

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Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy, Land Transformation, and Corporate. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.