Adecoagro (NYSE:AGRO) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, JPMorgan Chase & Co. raised Adecoagro from an underweight rating to a neutral rating and lifted their price objective for the stock from $10.50 to $11.50 in a research note on Monday, July 1st.

Adecoagro Trading Up 2.3 %

Shares of NYSE AGRO opened at $11.56 on Tuesday. The stock has a market cap of $1.20 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The firm has a 50 day moving average price of $9.61 and a two-hundred day moving average price of $10.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87. Adecoagro has a 52-week low of $8.72 and a 52-week high of $12.51.

Adecoagro (NYSE:AGRO) last announced its earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The business had revenue of $261.78 million during the quarter. As a group, equities analysts forecast that Adecoagro will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd lifted its position in shares of Adecoagro by 95.5% during the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock valued at $27,847,000 after acquiring an additional 1,234,654 shares during the period. Discovery Capital Management LLC CT raised its holdings in shares of Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock valued at $23,124,000 after purchasing an additional 667,878 shares during the period. Herr Investment Group LLC boosted its position in shares of Adecoagro by 30.3% during the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock worth $25,780,000 after purchasing an additional 616,345 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Adecoagro by 10.5% in the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after buying an additional 561,352 shares during the period. Finally, Boston Partners increased its position in Adecoagro by 410.7% in the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after buying an additional 546,465 shares in the last quarter. 45.25% of the stock is 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.