Adecoagro (NYSE:AGRO) Stock Rating Upgraded by Wall Street Zen

Adecoagro (NYSE:AGRO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also issued reports on AGRO. Truist Financial set a $9.00 target price on Adecoagro in a research report on Friday, January 9th. Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $16.20 in a report on Monday, March 30th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research report on Friday, January 9th. Finally, Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $9.50 to $13.00 in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.84.

Adecoagro Price Performance

Shares of NYSE AGRO opened at $15.26 on Friday. Adecoagro has a twelve month low of $6.89 and a twelve month high of $15.89. The stock’s 50 day moving average price is $10.64 and its 200-day moving average price is $8.90. The company has a market capitalization of $1.53 billion, a PE ratio of -190.78, a PEG ratio of 0.31 and a beta of 0.08. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 0.77.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. On average, equities analysts anticipate that Adecoagro will post 1.24 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGRO. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro in the fourth quarter worth $88,000. Quadrature Capital Ltd bought a new stake in Adecoagro during the fourth quarter valued at $123,000. Jeppson Wealth Management LLC purchased a new position in Adecoagro during the third quarter worth about $124,000. State of Wyoming grew its position in Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Adecoagro in the 4th quarter worth about $147,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.