Adecoagro (NYSE:AGRO) Trading 5.7% Higher – Still a Buy?

Adecoagro S.A. (NYSE:AGRO) was up 5.7% on Friday . The stock traded as high as $10.35 and last traded at $10.2510. Approximately 914,390 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 569,323 shares. The stock had previously closed at $9.70.

Wall Street Analyst Weigh In

AGRO has been the topic of several research analyst reports. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Friday, January 9th. JPMorgan Chase & Co. initiated coverage on Adecoagro in a report on Monday, December 1st. They issued an “underweight” rating and a $7.00 price target for the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Citigroup began coverage on Adecoagro in a report on Monday, February 16th. They set a “buy” rating for the company. Finally, UBS Group cut their target price on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.50.

Adecoagro Trading Up 4.0%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The business has a fifty day moving average of $8.63 and a two-hundred day moving average of $8.22. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 43.87 and a beta of 0.44.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, December 1st. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $304.21 million for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. As a group, equities analysts expect that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Adecoagro

Large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro in the 4th quarter worth about $88,000. Quadrature Capital Ltd acquired a new position in shares of Adecoagro in the 4th quarter worth $123,000. Jeppson Wealth Management LLC acquired a new stake in shares of Adecoagro during the third quarter valued at approximately $124,000. Virtu Financial LLC purchased a new stake in Adecoagro in the 4th quarter worth about $147,000. Finally, State of Wyoming boosted its stake in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after buying an additional 5,334 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

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.