Adecoagro S.A. (NYSE:AGRO – Get Free Report) shares fell 3.9% during mid-day trading on Monday after Bank of America lowered their price target on the stock from $15.50 to $14.50. Bank of America currently has a buy rating on the stock. Adecoagro traded as low as $10.96 and last traded at $10.97. 157,029 shares traded hands during trading, a decline of 78% from the average session volume of 719,772 shares. The stock had previously closed at $11.42.
AGRO has been the topic of several other research reports. JPMorgan Chase & Co. upgraded Adecoagro from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $10.50 to $11.50 in a report on Monday, July 1st. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Aristides Capital LLC acquired a new stake in shares of Adecoagro during the 2nd quarter worth about $231,000. Point72 Asset Management L.P. raised its holdings in Adecoagro by 155.9% during the second quarter. Point72 Asset Management L.P. now owns 23,800 shares of the company’s stock worth $232,000 after purchasing an additional 14,500 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Adecoagro by 19.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 147,550 shares of the company’s stock worth $1,436,000 after buying an additional 23,560 shares during the last quarter. Quarry LP boosted its holdings in shares of Adecoagro by 259.4% in the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after buying an additional 5,484 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Adecoagro by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock valued at $1,046,000 after buying an additional 2,099 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.
Adecoagro Price Performance
The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 4.75, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $10.19 and its 200 day moving average is $10.28.
Adecoagro (NYSE:AGRO – Get Free Report) last posted its earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. The business had revenue of $411.42 million for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. Research analysts anticipate that Adecoagro S.A. will post 1.63 EPS for the current fiscal year.
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.