Adecoagro (NYSE:AGRO) Stock Rating Upgraded by JPMorgan Chase & Co.

Adecoagro (NYSE:AGRO) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Monday, Marketbeat.com reports. The brokerage presently has a $11.50 price target on the stock, up from their prior price target of $10.50. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.87% from the company’s current price.

Separately, StockNews.com upgraded Adecoagro from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.50.

Adecoagro Stock Down 0.9 %

Shares of NYSE:AGRO opened at $9.84 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.49. Adecoagro has a 52-week low of $8.96 and a 52-week high of $12.51. The stock’s fifty day simple moving average is $10.05 and its 200-day simple moving average is $10.36. The company has a market capitalization of $1.02 billion, a P/E ratio of 4.17, a P/E/G ratio of 1.46 and a beta of 1.10.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data 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 for the quarter. As a group, equities research analysts forecast that Adecoagro will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of Adecoagro by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after purchasing an additional 2,923 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Adecoagro in the 1st quarter worth about $128,000. Cornerstone Investment Partners LLC purchased a new position in shares of Adecoagro in the 1st quarter worth about $176,000. Principal Securities Inc. purchased a new position in shares of Adecoagro in the 4th quarter worth about $204,000. Finally, Semanteon Capital Management LP purchased a new position in shares of Adecoagro in the 4th quarter worth about $225,000. 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.