Adecoagro (NYSE:AGRO) Rating Increased to Buy at StockNews.com

Adecoagro (NYSE:AGRO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Adecoagro Trading Up 0.7 %

Shares of Adecoagro stock opened at $11.05 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 5.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $10.60 and its 200-day simple moving average is $10.70. Adecoagro has a 1-year low of $8.11 and a 1-year high of $12.51.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $263.95 million for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. Analysts predict that Adecoagro will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGRO. Tower Research Capital LLC TRC lifted its stake in Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after purchasing an additional 2,923 shares in the last quarter. NBC Securities Inc. acquired a new position in Adecoagro during the third quarter worth $54,000. Principal Securities Inc. acquired a new stake in shares of Adecoagro in the fourth quarter valued at $204,000. Handelsbanken Fonder AB raised its stake in shares of Adecoagro by 31.6% in the third quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock valued at $217,000 after acquiring an additional 4,458 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Adecoagro in the fourth quarter valued at $225,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

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.