Adecoagro (NYSE:AGRO) Price Target Lowered to $9.50 at Morgan Stanley

Adecoagro (NYSE:AGRO - Get Free Report) had its price target lowered by equities researchers at Morgan Stanley from $10.00 to $9.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Morgan Stanley's price target would indicate a potential downside of 0.11% from the company's current price.

Other analysts have also issued research reports about the company. UBS Group cut their price objective on Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Bank of America lowered Adecoagro from a "buy" rating to an "underperform" rating and cut their price objective for the company from $12.00 to $10.80 in a report on Friday, April 25th.

Adecoagro Stock Performance

NYSE:AGRO traded down $0.03 during midday trading on Wednesday, reaching $9.51. 292,597 shares of the company traded hands, compared to its average volume of 803,915. Adecoagro has a twelve month low of $8.45 and a twelve month high of $12.08. The firm has a market capitalization of $950.93 million, a price-to-earnings ratio of 15.34 and a beta of 0.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.98 and a quick ratio of 1.04. The company has a fifty day moving average price of $9.28 and a 200 day moving average price of $9.94.

Institutional Trading of Adecoagro

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its position in shares of Adecoagro by 5.8% during the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company's stock worth $300,000 after buying an additional 1,481 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Adecoagro by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company's stock worth $1,216,000 after buying an additional 1,823 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Adecoagro by 26.3% during the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after buying an additional 2,794 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Adecoagro by 15.8% during the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock worth $282,000 after buying an additional 4,089 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in shares of Adecoagro by 143,775.0% during the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after buying an additional 5,751 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

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.