Adecoagro (NYSE:AGRO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a report published on Friday.

Separately, JPMorgan Chase & Co. upgraded Adecoagro from an underweight rating to a neutral rating and raised their price target for the stock from $10.50 to $11.50 in a research note on Monday, July 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $12.50.

Adecoagro Price Performance

AGRO stock opened at $9.42 on Friday. The firm has a 50-day moving average of $9.56 and a 200 day moving average of $10.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16. The company has a market cap of $980.95 million, a P/E ratio of 3.99, a PEG ratio of 1.51 and a beta of 1.10. Adecoagro has a 1 year low of $8.96 and a 1 year high of $12.51.

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

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 29th. Investors of record on Tuesday, May 14th were issued a $0.1682 dividend. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.9%. The ex-dividend date was Monday, May 13th. Adecoagro’s payout ratio is presently 13.98%.

Hedge Funds Weigh In On Adecoagro

A number of large investors have recently made changes to their positions in AGRO. Tower Research Capital LLC TRC increased its stake 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 valued at $52,000 after purchasing an additional 2,923 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Adecoagro during the 1st quarter worth approximately $128,000. Cornerstone Investment Partners LLC acquired a new position in Adecoagro during the 1st quarter worth about $176,000. BigSur Wealth Management LLC purchased a new position in shares of Adecoagro in the second quarter valued at approximately $175,000. Finally, Principal Securities Inc. acquired a new position in shares of Adecoagro in the fourth quarter worth $204,000. 45.25% of the stock is owned by institutional investors and hedge funds.

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.