UBS Group Lowers Adecoagro (NYSE:AGRO) Price Target to $9.90

Adecoagro (NYSE:AGRO - Get Free Report) had its price target lowered by equities researchers at UBS Group from $10.50 to $9.90 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 11.99% from the stock's current price.

Several other analysts also recently issued reports on the stock. StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley cut shares of Adecoagro from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $13.00 to $10.00 in a report on Monday, April 28th. Finally, Bank of America lowered Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.55.

Adecoagro Stock Performance

AGRO traded down $0.34 on Tuesday, hitting $8.84. The company had a trading volume of 1,282,211 shares, compared to its average volume of 840,295. The stock has a market cap of $883.94 million, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The company's fifty day moving average price is $10.81 and its 200 day moving average price is $10.54. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.08.

Institutional Trading of Adecoagro

A number of hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Adecoagro in the fourth quarter valued at $491,000. Causeway Capital Management LLC lifted its holdings 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 worth $5,350,000 after acquiring an additional 266,816 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Adecoagro during the 4th quarter valued at about $240,000. Blue Trust Inc. increased its stake in Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Adecoagro in the fourth quarter worth about $526,000. Institutional investors 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.