Adecoagro (NYSE:AGRO) Upgraded at Wall Street Zen

Key Points

• Adecoagro's stock rating has been upgraded from "sell" to "hold" by Wall Street Zen, indicating a potential shift in market perception of the company's stock.
• Despite the upgrade, Morgan Stanley has lowered its price target for Adecoagro from $10.00 to $9.50, maintaining an "underweight" rating.
• Adecoagro reported a loss of ($0.14) EPS for the last quarter, missing analysts' expectations, but generated revenue that exceeded estimates.

Wall Street Zen upgraded shares of Adecoagro (NYSE:AGRO - Free Report) from a sell rating to a hold rating in a research note published on Saturday.

Separately, Morgan Stanley reduced their price objective on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Sell" and a consensus target price of $9.60.

Adecoagro Stock Performance

NYSE:AGRO traded down $0.11 during mid-day trading on Friday, reaching $8.27. The stock had a trading volume of 200,780 shares, compared to its average volume of 716,595. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 1.90. The firm has a market capitalization of $826.44 million, a price-to-earnings ratio of 23.61 and a beta of 0.65. Adecoagro has a twelve month low of $8.15 and a twelve month high of $12.07. The business has a 50 day simple moving average of $9.08 and a 200 day simple moving average of $9.79.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). The firm had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. On average, analysts expect that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. increased its stake 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 purchasing an additional 5,751 shares in the last quarter. State of Wyoming purchased a new position in shares of Adecoagro during the 1st quarter worth approximately $133,000. Lazard Asset Management LLC increased its stake 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 purchasing an additional 2,794 shares in the last quarter. R Squared Ltd increased its stake in shares of Adecoagro by 103.0% during the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after purchasing an additional 7,676 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in shares of Adecoagro during the 4th quarter worth approximately $153,000. 45.25% of the stock is owned by hedge funds and other 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.