Adecoagro (NYSE:AGRO) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a research note published on Friday.

Adecoagro Price Performance

NYSE AGRO opened at $11.05 on Friday. Adecoagro has a one year low of $8.11 and a one year high of $12.51. The stock has a 50-day moving average of $10.58 and a 200 day moving average of $10.70. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $263.95 million during the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. On average, sell-side analysts forecast that Adecoagro will post 1.69 EPS for the current year.

Institutional Investors Weigh In On Adecoagro

A number of large investors have recently made changes to their positions in the company. Jennison Associates LLC grew its stake in shares of Adecoagro by 5.0% during the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock valued at $59,622,000 after purchasing an additional 255,684 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Adecoagro by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,943,599 shares of the company’s stock valued at $34,411,000 after purchasing an additional 25,700 shares during the period. Helikon Investments Ltd grew its stake in shares of Adecoagro by 95.5% during the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock valued at $27,847,000 after purchasing an additional 1,234,654 shares during the period. abrdn plc grew its stake in shares of Adecoagro by 15.6% during the 3rd quarter. abrdn plc now owns 1,005,939 shares of the company’s stock valued at $11,759,000 after purchasing an additional 135,990 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Adecoagro by 60.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after buying an additional 167,608 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

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.