Adecoagro (NYSE:AGRO) Price Target Cut to $9.90 by Analysts at UBS Group

Adecoagro (NYSE:AGRO - Get Free Report) had its price target decreased by research analysts at UBS Group from $10.50 to $9.90 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 7.21% from the company's previous close.

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

Adecoagro Stock Performance

Shares of AGRO traded down $0.20 during trading hours on Tuesday, hitting $9.23. The stock had a trading volume of 261,100 shares, compared to its average volume of 820,710. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The firm has a 50-day moving average price of $10.93 and a 200 day moving average price of $10.59. Adecoagro has a fifty-two week low of $8.72 and a fifty-two week high of $12.08. The firm has a market capitalization of $923.34 million, a price-to-earnings ratio of 6.14, a PEG ratio of 1.43 and a beta of 0.65.

Institutional Trading of Adecoagro

Institutional investors have recently bought and sold shares of the business. Banco Santander S.A. bought a new position in shares of Adecoagro in the fourth quarter worth $73,714,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Adecoagro by 68.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after acquiring an additional 714,911 shares in the last quarter. Causeway Capital Management LLC grew 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 acquiring an additional 266,816 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Adecoagro during the fourth quarter worth about $1,435,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of Adecoagro in the fourth quarter valued at about $1,121,000. 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.

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