ValuEngine Upgrades Adecoagro (NYSE:AGRO) to Hold

Adecoagro (NYSE:AGRO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

A number of other research firms also recently commented on AGRO. Citigroup upgraded Adecoagro from a “neutral” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Sunday, June 9th. Zacks Investment Research upgraded Adecoagro from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Adecoagro has an average rating of “Buy” and a consensus price target of $8.75.

NYSE:AGRO traded up $0.13 during mid-day trading on Thursday, reaching $6.88. The stock had a trading volume of 242,800 shares, compared to its average volume of 344,739. The stock has a market cap of $800.77 million, a P/E ratio of 8.82 and a beta of 0.57. Adecoagro has a 1-year low of $6.17 and a 1-year high of $8.65. The business has a 50 day simple moving average of $6.93. The company has a quick ratio of 0.88, a current ratio of 1.56 and a debt-to-equity ratio of 0.78.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The business had revenue of $159.82 million during the quarter. Adecoagro had a positive return on equity of 10.68% and a negative net margin of 4.37%. As a group, analysts predict that Adecoagro will post 0.36 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of AGRO. Virginia Retirement Systems ET AL acquired a new position in Adecoagro in the second quarter valued at approximately $86,000. Assenagon Asset Management S.A. acquired a new position in Adecoagro in the first quarter valued at approximately $109,000. Holistic Financial Partners boosted its stake in Adecoagro by 11.4% in the first quarter. Holistic Financial Partners now owns 19,745 shares of the company’s stock valued at $136,000 after acquiring an additional 2,028 shares during the period. Gotham Asset Management LLC boosted its stake in Adecoagro by 19.7% in the fourth quarter. Gotham Asset Management LLC now owns 38,564 shares of the company’s stock valued at $268,000 after acquiring an additional 6,354 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in Adecoagro by 5.6% in the first quarter. First Republic Investment Management Inc. now owns 68,870 shares of the company’s stock valued at $475,000 after acquiring an additional 3,670 shares during the period. Institutional investors own 45.42% of the company’s stock.

About Adecoagro

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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