Adecoagro (NYSE:AGRO) Raised to Buy at UBS Group

Adecoagro (NYSE:AGRO) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat.com reports. The firm currently has a $16.20 target price on the stock, up from their previous target price of $8.00. UBS Group’s price objective would indicate a potential upside of 7.82% from the company’s current price.

Several other equities analysts also recently weighed in on AGRO. Zacks Research downgraded Adecoagro from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a research report on Friday, January 9th. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Citigroup initiated coverage on Adecoagro in a research report on Monday, February 16th. They set a “buy” rating on the stock. Finally, Truist Financial set a $9.00 price objective on Adecoagro in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Adecoagro presently has an average rating of “Hold” and a consensus price target of $10.84.

Adecoagro Stock Down 1.5%

AGRO opened at $15.03 on Monday. The firm’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $8.76. The company has a market capitalization of $1.50 billion, a PE ratio of -187.79, a PEG ratio of 0.31 and a beta of 0.44. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. As a group, equities analysts forecast that Adecoagro will post 1.24 EPS for the current year.

Insiders Place Their Bets

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer owned 897,249 shares in the company, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Adecoagro in the fourth quarter worth about $147,000. Tudor Investment Corp ET AL grew its position in shares of Adecoagro by 134.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company’s stock worth $699,000 after purchasing an additional 50,464 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in Adecoagro during the 4th quarter valued at approximately $939,000. Quadrature Capital Ltd bought a new stake in Adecoagro during the 4th quarter valued at approximately $123,000. Finally, Millennium Management LLC lifted its holdings in Adecoagro by 240.9% in the 4th quarter. Millennium Management LLC now owns 276,376 shares of the company’s stock worth $2,192,000 after purchasing an additional 195,308 shares in the last quarter. 45.25% of the stock is owned by institutional investors.

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.