Adecoagro (AGRO) Sees Large Volume Increase

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Adecoagro SA (NYSE:AGRO) shares saw unusually-high trading volume on Friday . Approximately 1,716,455 shares traded hands during trading, an increase of 400% from the previous session’s volume of 342,952 shares.The stock last traded at $6.96 and had previously closed at $6.63.

AGRO has been the subject of several analyst reports. ValuEngine raised Adecoagro from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective for the company. in a research report on Wednesday, January 16th. Zacks Investment Research raised Adecoagro from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Tuesday, February 12th. Citigroup initiated coverage on Adecoagro in a research report on Tuesday, December 18th. They set a “neutral” rating for the company. Finally, Santander cut Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $9.50.

The stock has a market capitalization of $812.16 million, a PE ratio of 87.00 and a beta of 0.58. The company has a quick ratio of 1.39, a current ratio of 2.23 and a debt-to-equity ratio of 0.61.

Several large investors have recently added to or reduced their stakes in AGRO. Quantamental Technologies LLC acquired a new position in shares of Adecoagro during the 4th quarter worth about $42,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $49,000. Jane Street Group LLC acquired a new stake in shares of Adecoagro in the 3rd quarter valued at about $141,000. GSA Capital Partners LLP acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $155,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $164,000. 42.30% of the stock is owned by institutional investors and hedge funds.

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Adecoagro Company Profile (NYSE:AGRO)

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

Further Reading: Commodities

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