Adecoagro (NYSE:AGRO) Upgraded at UBS Group

UBS Group upgraded shares of Adecoagro (NYSE:AGRO) from a neutral rating to a buy rating in a research report report published on Monday, Marketbeat reports. They currently have $16.20 target price on the stock, up from their prior target price of $8.00.

AGRO has been the subject of a number of other reports. Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Truist Financial set a $9.00 price objective on Adecoagro in a research report on Friday, January 9th. Citigroup assumed coverage on Adecoagro in a research note on Monday, February 16th. They set a “buy” rating for the company. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. assumed coverage on Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adecoagro currently has a consensus rating of “Hold” and an average price target of $10.84.

Adecoagro Price Performance

Shares of NYSE AGRO opened at $14.82 on Monday. Adecoagro has a twelve month low of $6.89 and a twelve month high of $15.89. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -185.23, a PEG ratio of 0.31 and a beta of 0.08. The firm has a 50-day moving average of $10.39 and a two-hundred day moving average of $8.80.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.The business had revenue of $432.91 million during the quarter. As a group, analysts expect that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer owned 897,249 shares in the company, valued at $13,010,110.50. This represents a 10.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGRO. Orion Porfolio Solutions LLC acquired a new position in Adecoagro in the 4th quarter valued at approximately $88,000. Quadrature Capital Ltd acquired a new stake in shares of Adecoagro during the 4th quarter valued at $123,000. Jeppson Wealth Management LLC purchased a new position in shares of Adecoagro during the 3rd quarter valued at $124,000. Virtu Financial LLC acquired a new position in shares of Adecoagro in the fourth quarter worth $147,000. Finally, State of Wyoming increased its stake in shares of Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after acquiring an additional 5,334 shares during the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

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.