Adecoagro (NYSE:AGRO) Shares Gap Up – Should You Buy?

Adecoagro S.A. (NYSE:AGRO)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.79, but opened at $10.86. Adecoagro shares last traded at $11.05, with a volume of 799,596 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Adecoagro from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.63.

Adecoagro Price Performance

The company has a fifty day moving average price of $9.74 and a two-hundred day moving average price of $10.62. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.32, a P/E/G ratio of 1.29 and a beta of 1.03. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Institutional Investors Weigh In On Adecoagro

Several large investors have recently modified their holdings of AGRO. Banco Santander S.A. acquired a new position in shares of Adecoagro in the 4th quarter valued at $73,714,000. Helikon Investments Ltd increased its stake in Adecoagro by 169.2% in the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after purchasing an additional 4,363,628 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Adecoagro by 68.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company’s stock valued at $16,609,000 after buying an additional 714,911 shares during the last quarter. Causeway Capital Management LLC boosted its stake in shares of Adecoagro by 88.8% during the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company’s stock worth $5,350,000 after buying an additional 266,816 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after buying an additional 263,125 shares during the last quarter. 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.