Adecoagro (NYSE:AGRO) Stock Rating Lowered by StockNews.com

Adecoagro (NYSE:AGRO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Adecoagro Stock Performance

Shares of AGRO stock opened at $11.10 on Friday. Adecoagro has a 12 month low of $7.93 and a 12 month high of $12.51. The stock has a market cap of $1.18 billion, a PE ratio of 5.26 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average price is $10.40 and its 200-day moving average price is $10.72.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $263.95 million during the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. On average, equities analysts expect that Adecoagro will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Adecoagro by 81.2% during the 1st quarter. JPMorgan Chase & Co. now owns 312,044 shares of the company’s stock valued at $3,769,000 after acquiring an additional 139,854 shares during the period. HighTower Advisors LLC bought a new position in shares of Adecoagro during the 1st quarter valued at approximately $766,000. Charles Schwab Investment Management Inc. bought a new position in shares of Adecoagro during the 1st quarter valued at approximately $2,106,000. Verition Fund Management LLC bought a new position in shares of Adecoagro during the 1st quarter valued at approximately $6,060,000. Finally, Wexford Capital LP bought a new position in Adecoagro in the 1st quarter worth approximately $2,210,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

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.