Adecoagro (NYSE:AGRO) Trading Up 5.9% – Should You Buy?

Adecoagro S.A. (NYSE:AGRO)’s share price shot up 5.9% during mid-day trading on Wednesday . The stock traded as high as $11.30 and last traded at $11.4120. 139,872 shares changed hands during trading, a decline of 88% from the average session volume of 1,119,881 shares. The stock had previously closed at $10.78.

Analyst Ratings Changes

AGRO has been the subject of several recent research reports. Citigroup cut Adecoagro from a “buy” rating to a “neutral” rating and boosted their price target for the company from $13.00 to $15.00 in a research note on Tuesday, April 14th. JPMorgan Chase & Co. increased their price target on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. Finally, UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $16.20 in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $12.12.

Adecoagro Trading Down 4.7%

The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $10.96 and its 200-day moving average is $11.08. The firm has a market capitalization of $1.54 billion, a P/E ratio of 539.07 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.49). Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. The business had revenue of $419.44 million for the quarter, compared to the consensus estimate of $408.94 million. As a group, sell-side analysts anticipate that Adecoagro S.A. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Adecoagro by 48.4% during the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after buying an additional 28,275 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Adecoagro by 20.5% in the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after acquiring an additional 32,169 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Adecoagro by 86.5% in the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after acquiring an additional 212,685 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Adecoagro by 32.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after acquiring an additional 90,518 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in Adecoagro by 115.7% during the 2nd quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock worth $1,754,000 after acquiring an additional 102,955 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

About Adecoagro

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.