Adecoagro S.A. (NYSE:AGRO – Get Free Report)’s share price gapped up before the market opened on Monday after JPMorgan Chase & Co. raised their price target on the stock from $10.00 to $11.50. The stock had previously closed at $10.47, but opened at $11.68. JPMorgan Chase & Co. currently has a neutral rating on the stock. Adecoagro shares last traded at $11.45, with a volume of 491,314 shares trading hands.
AGRO has been the subject of a number of other reports. StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 5th. Itau BBA Securities cut shares of Adecoagro from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Monday, October 2nd. Finally, Morgan Stanley upgraded Adecoagro from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.56.
Institutional Inflows and Outflows
Adecoagro Trading Up 9.6 %
The business has a 50 day moving average of $11.01 and a 200 day moving average of $10.30. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.37 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.89 and a quick ratio of 0.76.
Adecoagro (NYSE:AGRO – Get Free Report) last posted its earnings results on Thursday, August 17th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $402.87 million during the quarter. Adecoagro had a return on equity of 13.93% and a net margin of 10.45%. As a group, research analysts predict that Adecoagro S.A. will post 1.04 earnings per share for the current fiscal year.
Adecoagro Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be paid a $0.165 dividend. This represents a yield of 3.1%. The ex-dividend date is Wednesday, November 8th. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is presently 24.09%.
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.
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