Adecoagro (NYSE:AGRO) Coverage Initiated at UBS Group

Research analysts at UBS Group began coverage on shares of Adecoagro (NYSE:AGRO) in a report issued on Monday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $12.00 price target on the stock. UBS Group’s target price suggests a potential upside of 7.14% from the company’s previous close.

Several other brokerages have also issued reports on AGRO. StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Bank of America reduced their target price on Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a report on Monday, September 9th. Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.50 to $11.50 in a research note on Monday, July 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

Shares of AGRO opened at $11.20 on Monday. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.17 billion, a PE ratio of 4.75, a PEG ratio of 1.06 and a beta of 1.08. Adecoagro has a 12-month low of $8.72 and a 12-month high of $12.51. The business has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $10.46.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. The company had revenue of $411.42 million during the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. Analysts anticipate that Adecoagro will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Adecoagro

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in Adecoagro by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock worth $1,046,000 after acquiring an additional 2,099 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Adecoagro in the 2nd quarter valued at $42,000. Quarry LP increased its stake in Adecoagro by 259.4% during the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after purchasing an additional 5,484 shares in the last quarter. Sei Investments Co. raised its holdings in Adecoagro by 13.6% during the first quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock worth $788,000 after buying an additional 8,559 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Adecoagro by 15.8% in the first quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock valued at $892,000 after buying an additional 11,066 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

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.