Adecoagro (NYSE:AGRO) Stock Price Up 3.7% – Here’s What Happened

Adecoagro S.A. (NYSE:AGRO)’s stock price was up 3.7% on Monday . The company traded as high as $11.36 and last traded at $11.1350. Approximately 140,819 shares changed hands during trading, a decline of 87% from the average session volume of 1,076,638 shares. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGRO. Weiss Ratings cut shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 14th. UBS Group decreased their target price on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. upped their target price on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.62.

Adecoagro Trading Up 5.3%

The company has a market cap of $1.71 billion, a price-to-earnings ratio of 36.30 and a beta of -0.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. The firm’s fifty day moving average price is $10.07 and its 200-day moving average price is $11.39.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Saturday, August 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The firm had revenue of $538.50 million for the quarter, compared to the consensus estimate of $602.01 million. On average, equities analysts expect that Adecoagro S.A. will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amundi increased its stake in shares of Adecoagro by 718.5% in the second quarter. Amundi now owns 782,432 shares of the company’s stock valued at $7,472,000 after purchasing an additional 686,835 shares during the period. Ghisallo Capital Management LLC acquired a new position in shares of Adecoagro during the fourth quarter worth approximately $2,987,000. Decker Retirement Planning Inc. acquired a new position in shares of Adecoagro during the first quarter worth approximately $4,629,000. PDT Partners LLC bought a new position in Adecoagro in the 2nd quarter worth approximately $2,465,000. Finally, PenderFund Capital Management Ltd. bought a new position in Adecoagro in the 2nd quarter worth approximately $2,388,000. Institutional investors own 45.25% of the company’s stock.

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.