Adecoagro (NYSE:AGRO) Cut to Equal Weight at Morgan Stanley

Morgan Stanley lowered shares of Adecoagro (NYSE:AGRO) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Morgan Stanley currently has $12.50 price objective on the stock, down from their previous price objective of $14.50.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Adecoagro from an underweight rating to a neutral rating and lifted their target price for the stock from $10.50 to $11.50 in a report on Monday, July 1st. StockNews.com downgraded Adecoagro from a buy rating to a hold rating in a research note on Tuesday, August 13th. Finally, Bank of America reduced their target price on Adecoagro from $15.50 to $14.50 and set a buy rating for the company in a report on Monday, September 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $12.63.

Adecoagro Stock Performance

Shares of AGRO opened at $11.64 on Tuesday. Adecoagro has a 52 week low of $8.72 and a 52 week high of $12.51. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.21 billion, a P/E ratio of 4.93, a P/E/G ratio of 1.19 and a beta of 1.08. The business’s 50 day moving average price is $10.41 and its 200-day moving average price is $10.34.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. The firm had revenue of $411.42 million for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. Equities research analysts anticipate that Adecoagro will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently modified their holdings of AGRO. BNP Paribas Financial Markets boosted its holdings in shares of Adecoagro by 6,935.7% in the fourth quarter. BNP Paribas Financial Markets now owns 76,126 shares of the company’s stock worth $845,000 after buying an additional 75,044 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adecoagro during the 4th quarter valued at $958,000. Chesapeake Capital Corp IL purchased a new stake in shares of Adecoagro in the 4th quarter worth $527,000. Helikon Investments Ltd raised its holdings in Adecoagro by 12.4% in the 4th quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company’s stock worth $14,344,000 after purchasing an additional 142,595 shares during the period. Finally, Claret Asset Management Corp lifted its position in Adecoagro by 3.1% during the fourth quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock valued at $3,336,000 after purchasing an additional 9,110 shares in the last quarter. 45.25% of the stock is currently owned by hedge funds and other 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.