Adecoagro S.A. (NYSE:AGRO) Receives $8.50 Average Price Target from Brokerages

Adecoagro S.A. (NYSE:AGRO) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.50.

AGRO has been the topic of several recent analyst reports. Truist Financial set a $9.00 target price on shares of Adecoagro in a report on Friday, January 9th. JPMorgan Chase & Co. started coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target for the company. Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. UBS Group decreased their price objective on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Finally, Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a research note on Friday, January 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AGRO. Ghisallo Capital Management LLC bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $2,987,000. PenderFund Capital Management Ltd. purchased a new stake in Adecoagro in the third quarter worth $1,960,000. Invesco Ltd. lifted its stake in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after acquiring an additional 212,685 shares during the period. Burkehill Global Management LP bought a new stake in Adecoagro in the fourth quarter valued at $1,586,000. Finally, Millennium Management LLC increased its position in Adecoagro by 240.9% during the 4th quarter. Millennium Management LLC now owns 276,376 shares of the company’s stock valued at $2,192,000 after purchasing an additional 195,308 shares during the period. Institutional investors own 45.25% of the company’s stock.

Adecoagro Price Performance

Shares of Adecoagro stock opened at $10.84 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.56. Adecoagro has a one year low of $6.89 and a one year high of $11.78. The business’s 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $8.29. The stock has a market capitalization of $1.09 billion, a P/E ratio of 47.15 and a beta of 0.44.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.