Adecoagro (NYSE:AGRO) Price Target Cut to $9.50 by Analysts at Morgan Stanley

Adecoagro (NYSE:AGRO - Get Free Report) had its target price cut by analysts at Morgan Stanley from $10.00 to $9.50 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's target price would suggest a potential downside of 0.68% from the company's current price.

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

Adecoagro Stock Up 0.3%

Shares of AGRO traded up $0.03 during trading hours on Wednesday, reaching $9.57. The stock had a trading volume of 110,305 shares, compared to its average volume of 802,589. Adecoagro has a 12 month low of $8.45 and a 12 month high of $12.08. The firm has a 50-day simple moving average of $9.27 and a 200 day simple moving average of $9.94. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $956.40 million, a price-to-earnings ratio of 15.43 and a beta of 0.70.

Hedge Funds Weigh In On Adecoagro

Large investors have recently bought and sold shares of the stock. Insigneo Advisory Services LLC bought a new position in Adecoagro during the 1st quarter valued at $1,056,000. Causeway Capital Management LLC increased its position in shares of Adecoagro by 88.8% during the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after purchasing an additional 266,816 shares during the last quarter. Northern Trust Corp increased its position in shares of Adecoagro by 352.0% during the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock valued at $543,000 after purchasing an additional 44,816 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in shares of Adecoagro during the 4th quarter valued at $464,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Adecoagro during the 4th quarter valued at $526,000. 45.25% of the stock is currently owned by institutional investors.

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.