Adecoagro (NYSE:AGRO) Rating Increased to Buy at StockNews.com

Adecoagro (NYSE:AGRO) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Adecoagro Stock Performance

Shares of AGRO stock opened at $11.28 on Monday. The stock has a fifty day moving average of $10.75 and a 200 day moving average of $10.71. Adecoagro has a 52 week low of $8.33 and a 52 week high of $12.51. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.35 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.

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

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in Adecoagro by 15.8% in the first quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock worth $892,000 after purchasing an additional 11,066 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Adecoagro by 13.6% during the first quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock valued at $788,000 after acquiring an additional 8,559 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Adecoagro during the first quarter valued at $128,000. GSA Capital Partners LLP increased its holdings in shares of Adecoagro by 83.1% during the first quarter. GSA Capital Partners LLP now owns 205,013 shares of the company’s stock valued at $2,259,000 after acquiring an additional 93,035 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Adecoagro by 10.5% during the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after acquiring an additional 561,352 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

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.