Adecoagro (NYSE:AGRO) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Adecoagro (NYSE:AGRO) from a neutral rating to a buy rating in a research note released on Monday morning, Marketbeat.com reports. The firm currently has $16.20 target price on the stock, up from their prior target price of $8.00.

A number of other research analysts have also commented on the stock. Bank of America upgraded shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a research report on Friday, January 9th. Weiss Ratings upgraded Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Zacks Research lowered Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup initiated coverage on Adecoagro in a research report on Monday, February 16th. They set a “buy” rating for the company. Finally, Truist Financial set a $9.00 target price on Adecoagro in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Adecoagro has an average rating of “Hold” and a consensus target price of $10.84.

Adecoagro Price Performance

AGRO stock opened at $15.27 on Monday. The firm has a 50 day moving average of $10.14 and a 200-day moving average of $8.71. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. Adecoagro has a 12 month low of $6.89 and a 12 month high of $15.55. The firm has a market capitalization of $1.53 billion, a P/E ratio of -190.80, a price-to-earnings-growth ratio of 0.29 and a beta of 0.44.

Adecoagro (NYSE:AGRO) last posted its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.The firm had revenue of $432.91 million for the quarter. As a group, sell-side analysts predict that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Adecoagro

In other news, CEO Mariano Bosch sold 100,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $13,010,110.50. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new stake in Adecoagro during the third quarter worth about $1,082,000. Sparta 24 Ltd. increased its position in shares of Adecoagro by 4.8% during the 3rd quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock valued at $17,250,000 after purchasing an additional 100,000 shares during the last quarter. Pale Fire Capital SE bought a new position in shares of Adecoagro during the 2nd quarter valued at about $774,000. Tudor Investment Corp ET AL purchased a new position in shares of Adecoagro during the 3rd quarter valued at about $295,000. Finally, Quantbot Technologies LP raised its holdings in shares of Adecoagro by 7.5% during the 3rd quarter. Quantbot Technologies LP now owns 61,776 shares of the company’s stock valued at $484,000 after buying an additional 4,286 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

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.