Adecoagro (NYSE:AGRO) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a research note released on Friday.

Adecoagro Trading Up 0.8 %

AGRO stock opened at $11.14 on Friday. The business has a fifty day moving average of $10.60 and a 200-day moving average of $10.70. The company has a market cap of $1.18 billion, a P/E ratio of 5.28 and a beta of 1.12. Adecoagro has a twelve month low of $8.11 and a twelve month high of $12.51. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The business had revenue of $263.95 million for the quarter. As a group, equities research analysts expect that Adecoagro will post 1.69 EPS for the current year.

Institutional Trading of Adecoagro

Several hedge funds have recently added to or reduced their stakes in AGRO. Handelsbanken Fonder AB increased its stake in Adecoagro by 31.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock worth $217,000 after purchasing an additional 4,458 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Adecoagro during the third quarter worth $525,000. Bank of New York Mellon Corp lifted its position in Adecoagro by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,943,599 shares of the company’s stock valued at $34,411,000 after acquiring an additional 25,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Adecoagro by 0.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company’s stock worth $3,215,000 after purchasing an additional 1,280 shares during the period. Finally, NBC Securities Inc. bought a new position in Adecoagro during the 3rd quarter worth about $54,000. Institutional investors and hedge funds 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.