Adecoagro S.A. (NYSE:AGRO) Given Average Recommendation of “Hold” by Brokerages

Adecoagro S.A. (NYSE:AGRO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.50.

AGRO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Citigroup assumed coverage on shares of Adecoagro in a research report on Monday, February 16th. They issued a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target on the stock. Finally, UBS Group reduced their price target on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd.

Institutional Trading of Adecoagro

Several large investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC acquired a new position in Adecoagro in the fourth quarter valued at about $88,000. Quadrature Capital Ltd acquired a new stake in Adecoagro during the fourth quarter worth about $123,000. Jeppson Wealth Management LLC acquired a new stake in Adecoagro during the third quarter worth about $124,000. State of Wyoming increased its holdings in Adecoagro by 44.9% in the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after buying an additional 5,334 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Adecoagro in the 4th quarter valued at approximately $147,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Stock Up 2.0%

AGRO stock opened at $10.19 on Wednesday. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.56. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 44.28 and a beta of 0.44. The business’s fifty day moving average price is $8.76 and its two-hundred day moving average price is $8.24.

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.