Adecoagro (NYSE:AGRO) Rating Increased to Buy at StockNews.com

Adecoagro (NYSE:AGRO) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Adecoagro Trading Up 0.7 %

Adecoagro stock traded up $0.07 during midday trading on Friday, reaching $11.05. 506,639 shares of the stock traded hands, compared to its average volume of 484,747. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.17 billion, a PE ratio of 5.23 and a beta of 1.12. The company has a 50-day simple moving average of $10.58 and a two-hundred day simple moving average of $10.70. Adecoagro has a 12-month low of $8.11 and a 12-month high of $12.51.

Adecoagro (NYSE:AGRO) last issued its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The business had revenue of $263.95 million for the quarter. Research analysts expect that Adecoagro will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sapient Capital LLC purchased a new stake in shares of Adecoagro in the fourth quarter valued at approximately $2,294,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Adecoagro by 60.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock worth $4,914,000 after purchasing an additional 167,608 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Adecoagro by 388.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock worth $4,233,000 after purchasing an additional 287,919 shares in the last quarter. Hsbc Holdings PLC boosted its position in Adecoagro by 1.5% during the third quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock worth $2,408,000 after purchasing an additional 2,998 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Adecoagro by 41.0% during the third quarter. Citigroup Inc. now owns 236,988 shares of the company’s stock worth $2,770,000 after purchasing an additional 68,925 shares in the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

About Adecoagro

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.