StockNews.com assumed coverage on shares of Adecoagro (NYSE:AGRO – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Adecoagro from an overweight rating to a neutral rating and set a $9.00 price objective on the stock. in a research note on Wednesday, February 8th. Morgan Stanley cut Adecoagro from an equal weight rating to an underweight rating and dropped their price objective for the stock from $10.00 to $9.00 in a research note on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $9.50.
Adecoagro Trading Down 3.5 %
AGRO opened at $7.36 on Thursday. The stock has a market cap of $819.76 million, a price-to-earnings ratio of 7.51 and a beta of 1.02. The stock’s 50 day moving average price is $8.11 and its 200-day moving average price is $8.20. Adecoagro has a one year low of $6.95 and a one year high of $13.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.67.
Institutional Trading of Adecoagro
Adecoagro Company Profile
Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy, Land Transformation, and Corporate. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.
- Get a free copy of the StockNews.com research report on Adecoagro (AGRO)
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