Adecoagro (NYSE:AGRO) Now Covered by UBS Group

UBS Group started coverage on shares of Adecoagro (NYSE:AGRO) in a research report sent to investors on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $12.00 price target on the stock.

A number of other equities analysts have also weighed in on AGRO. Bank of America cut their price objective on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $10.50 to $11.50 in a research report on Monday, July 1st. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Performance

Shares of AGRO opened at $11.39 on Monday. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.19 billion, a P/E ratio of 4.83, a PEG ratio of 1.06 and a beta of 1.08. The company has a 50-day moving average of $11.18 and a two-hundred day moving average of $10.47. Adecoagro has a 12-month low of $8.72 and a 12-month high of $12.51.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. The company had revenue of $411.42 million during the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. As a group, research analysts predict that Adecoagro will post 1.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Several institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Adecoagro during the third quarter worth approximately $94,000. University of Texas Texas AM Investment Management Co. increased its position in Adecoagro by 1,007.9% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 118,383 shares of the company’s stock worth $1,152,000 after purchasing an additional 107,698 shares during the last quarter. Aristides Capital LLC acquired a new position in Adecoagro during the second quarter worth approximately $231,000. Point72 Asset Management L.P. increased its position in Adecoagro by 155.9% during the second quarter. Point72 Asset Management L.P. now owns 23,800 shares of the company’s stock worth $232,000 after purchasing an additional 14,500 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Adecoagro by 19.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 147,550 shares of the company’s stock worth $1,436,000 after purchasing an additional 23,560 shares during the last quarter. Institutional investors and hedge funds 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.