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

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a report released on Wednesday morning.

Adecoagro Stock Down 0.4 %

AGRO opened at $9.67 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.01 billion, a P/E ratio of 6.45, a PEG ratio of 1.29 and a beta of 1.03. Adecoagro has a 52 week low of $8.72 and a 52 week high of $12.07. The business’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $10.60.

Institutional Trading of Adecoagro

A number of large investors have recently made changes to their positions in AGRO. Banco Santander S.A. acquired a new stake in Adecoagro in the 4th quarter worth about $73,714,000. Helikon Investments Ltd boosted its stake in Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after buying an additional 4,363,628 shares during the last quarter. Citigroup Inc. boosted its stake in Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after buying an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Adecoagro by 14,282.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after buying an additional 155,681 shares during the last quarter. Finally, Carrera Capital Advisors acquired a new stake in Adecoagro in the 4th quarter worth about $887,000. 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.