Adecoagro (NYSE:AGRO) Sets New 52-Week High at $11.51

Adecoagro S.A. (NYSE:AGRO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.51 and last traded at $11.39, with a volume of 25880 shares. The stock had previously closed at $11.32.

Analyst Ratings Changes

AGRO has been the topic of several analyst reports. StockNews.com raised shares of Adecoagro from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Morgan Stanley raised shares of Adecoagro from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.55.

Adecoagro Stock Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of 13.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 1.69. The company’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $9.04.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $402.87 million for the quarter. Adecoagro had a net margin of 6.66% and a return on equity of 10.86%. As a group, equities analysts expect that Adecoagro S.A. will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Belpointe Asset Management LLC purchased a new position in shares of Adecoagro during the 4th quarter worth about $25,000. State of Wyoming purchased a new position in Adecoagro in the second quarter valued at approximately $93,000. PEAK6 Investments LLC purchased a new position in Adecoagro in the first quarter valued at approximately $82,000. Pathstone Family Office LLC purchased a new position in Adecoagro in the third quarter valued at approximately $87,000. Finally, HighTower Advisors LLC purchased a new position in Adecoagro in the fourth quarter valued at approximately $90,000. 43.38% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Company Profile

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.