Adecoagro (NYSE:AGRO) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Adecoagro S.A. (NYSE:AGRO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.31 and traded as high as $8.53. Adecoagro shares last traded at $8.1850, with a volume of 655,664 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial set a $9.00 target price on shares of Adecoagro in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. UBS Group cut their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. assumed coverage on Adecoagro in a research report on Monday, December 1st. They issued an “underweight” rating and a $7.00 target price on the stock. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Sell” and a consensus target price of $8.50.

Adecoagro Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The company has a market cap of $819.24 million, a P/E ratio of 35.59 and a beta of 0.43. The firm has a 50 day moving average price of $7.94 and a 200-day moving average price of $8.31.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, December 1st. The company reported $0.00 earnings per share for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The firm had revenue of $304.21 million during the quarter. On average, research analysts predict that Adecoagro S.A. will post 1.24 EPS for the current year.

Adecoagro Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd were issued a $0.1749 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a yield of 444.0%. Adecoagro’s dividend payout ratio (DPR) is 152.17%.

Institutional Trading of Adecoagro

Hedge funds have recently modified their holdings of the company. Sparta 24 Ltd. acquired a new position in shares of Adecoagro in the 2nd quarter valued at $19,197,000. Goldman Sachs Group Inc. raised its holdings in shares of Adecoagro by 48.4% in the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after buying an additional 28,275 shares during the last quarter. Insigneo Advisory Services LLC raised its position in Adecoagro by 166.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 252,175 shares of the company’s stock worth $2,305,000 after purchasing an additional 157,655 shares during the last quarter. Pale Fire Capital SE bought a new position in shares of Adecoagro in the 2nd quarter valued at about $774,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Adecoagro during the second quarter worth $277,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.