Adecoagro (NYSE:AGRO) Rating Increased to Buy at StockNews.com

Adecoagro (NYSE:AGRO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $11.28 on Monday. Adecoagro has a fifty-two week low of $8.33 and a fifty-two week high of $12.51. The business has a 50-day moving average of $10.75 and a two-hundred day moving average of $10.71. The stock has a market capitalization of $1.17 billion, a P/E ratio of 5.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The business had revenue of $263.95 million for the quarter. On average, equities research analysts predict that Adecoagro will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Several large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Adecoagro by 0.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company’s stock valued at $3,215,000 after acquiring an additional 1,280 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Adecoagro by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after purchasing an additional 2,923 shares during the period. Hsbc Holdings PLC grew its stake in shares of Adecoagro by 1.5% in the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock valued at $2,408,000 after purchasing an additional 2,998 shares during the period. NBC Securities Inc. bought a new stake in shares of Adecoagro in the 3rd quarter valued at approximately $54,000. Finally, Sei Investments Co. grew its stake in shares of Adecoagro by 13.6% in the 1st quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock valued at $788,000 after purchasing an additional 8,559 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

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.