Adecoagro (NYSE:AGRO) Shares Pass Above 200-Day Moving Average of $10.69

Shares of Adecoagro S.A. (NYSE:AGRO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.69 and traded as high as $11.29. Adecoagro shares last traded at $11.14, with a volume of 234,181 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.17.

Adecoagro Price Performance

The firm has a market cap of $1.18 billion, a PE ratio of 5.28 and a beta of 1.12. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $10.49 and a two-hundred day moving average price of $10.69.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $263.95 million for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. As a group, equities analysts expect that Adecoagro S.A. will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On Adecoagro

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Adecoagro by 168.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after buying an additional 2,923 shares during the last quarter. NBC Securities Inc. purchased a new stake in Adecoagro in the third quarter valued at approximately $54,000. Principal Securities Inc. purchased a new stake in Adecoagro in the fourth quarter valued at approximately $204,000. Handelsbanken Fonder AB lifted its holdings in Adecoagro by 31.6% in the third quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock valued at $217,000 after acquiring an additional 4,458 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in Adecoagro in the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

About Adecoagro

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.