Adecoagro (NYSE:AGRO) Rating Lowered to Hold at StockNews.com

Adecoagro (NYSE:AGRO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Adecoagro Price Performance

Shares of AGRO stock opened at $11.10 on Friday. Adecoagro has a 1-year low of $7.93 and a 1-year high of $12.51. The stock’s 50-day moving average is $10.40 and its 200 day moving average is $10.71. The company has a market cap of $1.18 billion, a P/E ratio of 5.26 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The company had revenue of $263.95 million for the quarter. Research analysts predict that Adecoagro will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors have recently added to or reduced their stakes in AGRO. JPMorgan Chase & Co. raised its stake in Adecoagro by 81.2% in the first quarter. JPMorgan Chase & Co. now owns 312,044 shares of the company’s stock valued at $3,769,000 after buying an additional 139,854 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Adecoagro in the first quarter valued at about $766,000. Charles Schwab Investment Management Inc. purchased a new stake in Adecoagro in the first quarter valued at about $2,106,000. Verition Fund Management LLC purchased a new stake in Adecoagro in the first quarter valued at about $6,060,000. Finally, Wexford Capital LP purchased a new stake in Adecoagro in the first quarter valued at about $2,210,000. Institutional investors own 45.25% of the company’s stock.

About Adecoagro

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.