Adecoagro (NYSE:AGRO) Trading 5.7% Higher – What’s Next?

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

Analysts Set New Price Targets

AGRO has been the subject of several recent research reports. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Citigroup began coverage on Adecoagro in a research report on Monday, February 16th. They set a “buy” rating for the company. Zacks Research raised Adecoagro from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Truist Financial set a $9.00 price target on shares of Adecoagro in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. assumed coverage on Adecoagro in a report on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Adecoagro currently has an average rating of “Hold” and a consensus price target of $8.50.

Adecoagro Stock Up 4.0%

The company has a market capitalization of $1.01 billion, a P/E ratio of 43.87 and a beta of 0.44. 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 firm’s fifty day moving average is $8.63 and its 200-day moving average is $8.22.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC bought a new position in Adecoagro in the fourth quarter worth approximately $88,000. Quadrature Capital Ltd bought a new position in shares of Adecoagro during the 4th quarter worth approximately $123,000. Jeppson Wealth Management LLC purchased a new position in Adecoagro in the third quarter worth $124,000. State of Wyoming grew its position in Adecoagro by 44.9% during the second 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. Finally, Virtu Financial LLC purchased a new stake in shares of Adecoagro during the 4th quarter worth approximately $147,000. 45.25% of the stock is owned by institutional investors.

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.