StockNews.com Downgrades Adecoagro (NYSE:AGRO) to Hold

Adecoagro (NYSE:AGRO - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also recently weighed in on the stock. Bank of America upgraded shares of Adecoagro from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $12.50 to $14.00 in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.50 target price (down previously from $11.50) on shares of Adecoagro in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.56.

Adecoagro Trading Up 0.3 %

AGRO stock traded up $0.03 during trading on Wednesday, hitting $11.04. The company had a trading volume of 515,212 shares, compared to its average volume of 499,999. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $10.25 and a 200-day moving average price of $10.72. Adecoagro has a 12 month low of $7.82 and a 12 month high of $12.51. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 5.23 and a beta of 1.12.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The company had revenue of $263.95 million during the quarter. As a group, analysts predict that Adecoagro will post 1.37 earnings per share for the current year.

Hedge Funds Weigh In On Adecoagro

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Adecoagro by 0.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company's stock worth $3,215,000 after purchasing an additional 1,280 shares during the period. HighTower Advisors LLC boosted its stake in Adecoagro by 25.3% in the 1st quarter. HighTower Advisors LLC now owns 13,596 shares of the company's stock worth $111,000 after purchasing an additional 2,741 shares during the period. Barclays PLC bought a new stake in Adecoagro during the 4th quarter worth about $32,000. Tower Research Capital LLC TRC lifted its position in Adecoagro by 168.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company's stock worth $52,000 after buying an additional 2,923 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Adecoagro by 1.5% during the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company's stock worth $2,408,000 after buying an additional 2,998 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

About Adecoagro

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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