Adecoagro (NYSE:AGRO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Adecoagro from “hold” to “buy.” However, broader analyst sentiment remained cautious, with a consensus “Reduce” rating and an average price target of $11.62.
• Adecoagro reported quarterly earnings of $0.19 per share, missing analysts’ $0.40 estimate by $0.21; revenue was $1.18 billion.
• The stock was reported up 7.7%, opening at $9.12, and traded within a 12-month range of $6.89 to $15.89.

Adecoagro (NYSE:AGRO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the stock. Santander began coverage on shares of Adecoagro in a research report on Monday, September 14th. They issued a "neutral" rating on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Adecoagro in a research report on Monday, October 12th. Finally, UBS Group decreased their price objective on shares of Adecoagro from $15.20 to $13.20 and set a "buy" rating for the company in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $11.62.

Adecoagro Trading Up 7.7%

NYSE:AGRO opened at $9.12 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.30 billion, a PE ratio of 15.73 and a beta of 0.01. The stock has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.99. Adecoagro has a 12-month low of $6.89 and a 12-month high of $15.89.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.21). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $674.76 million. Adecoagro had a return on equity of 0.30% and a net margin of 4.38%. Sell-side analysts anticipate that Adecoagro will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Adecoagro

A number of hedge funds and other institutional investors have recently made changes to their positions in AGRO. Chicago Partners Investment Group LLC purchased a new position in Adecoagro during the 3rd quarter worth approximately $405,000. D.A. Davidson & CO. acquired a new position in Adecoagro during the third quarter worth approximately $105,000. Ausbil Investment Management Ltd purchased a new stake in Adecoagro in the third quarter valued at approximately $248,000. WINTON GROUP Ltd purchased a new stake in Adecoagro in the second quarter valued at approximately $438,000. Finally, Amundi lifted its stake in Adecoagro by 718.5% in the second quarter. Amundi now owns 782,432 shares of the company's stock valued at $7,472,000 after buying an additional 686,835 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

About Adecoagro

Adecoagro is a South American agribusiness company that produces food and renewable energy. Its operations span farming, dairy, rice, and sugar and ethanol production. The company grows crops such as soybeans, corn, and wheat, and produces rice and milk. In Brazil, it processes sugarcane into sugar, ethanol, and renewable electricity. Adecoagro operates in Argentina, Brazil, and Uruguay. Founded in 2002, it combines agricultural production with processing and energy generation across its regional operations.

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