A number of other equities research analysts have also commented on AGRO. Bank of America raised Adecoagro from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 5th. Morgan Stanley raised Adecoagro from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 14th. Finally, Itau BBA Securities lowered Adecoagro from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.94.
Adecoagro Price Performance
Adecoagro (NYSE:AGRO – Get Free Report) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.40 EPS for the quarter. The company had revenue of $402.87 million for the quarter. Adecoagro had a return on equity of 14.21% and a net margin of 10.45%. On average, equities analysts predict that Adecoagro will post 1.04 earnings per share for the current year.
Hedge Funds Weigh In On Adecoagro
Several large investors have recently bought and sold shares of AGRO. Activest Wealth Management bought a new position in shares of Adecoagro during the third quarter worth about $46,000. NBC Securities Inc. bought a new position in shares of Adecoagro in the third quarter valued at approximately $54,000. PEAK6 Investments LLC bought a new stake in Adecoagro during the first quarter worth $82,000. Pathstone Family Office LLC bought a new stake in Adecoagro during the third quarter worth $87,000. Finally, HighTower Advisors LLC bought a new stake in Adecoagro during the fourth quarter worth $90,000. 43.38% of the stock is currently owned by institutional investors.
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.
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