Adecoagro (NYSE:AGRO) Raised to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Adecoagro (NYSE:AGRO) from an underweight rating to a neutral rating in a report published on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $11.50 target price on the stock, up from their prior target price of $10.50.

Separately, StockNews.com raised Adecoagro from a hold rating to a buy rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $12.50.

Adecoagro Stock Performance

Shares of AGRO stock opened at $9.87 on Monday. The business’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.35. Adecoagro has a 12 month low of $8.96 and a 12 month high of $12.51. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.18, a PEG ratio of 1.47 and a beta of 1.10. The company has a current ratio of 2.87, a quick ratio of 1.16 and a debt-to-equity ratio of 0.49.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.22 EPS for the quarter. The company had revenue of $261.78 million for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. Equities research analysts forecast that Adecoagro will post 1.74 EPS for the current year.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were issued a $0.1682 dividend. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 13th. Adecoagro’s payout ratio is presently 14.41%.

Institutional Investors Weigh In On Adecoagro

A number of hedge funds have recently added to or reduced their stakes in AGRO. Tower Research Capital LLC TRC increased its holdings in shares of Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after acquiring an additional 2,923 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Adecoagro during the first quarter valued at approximately $128,000. Cornerstone Investment Partners LLC bought a new stake in shares of Adecoagro during the first quarter valued at approximately $176,000. Principal Securities Inc. bought a new stake in shares of Adecoagro during the fourth quarter valued at approximately $204,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Adecoagro during the fourth quarter valued at approximately $225,000. 45.25% of the stock is currently owned by institutional investors.

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.