Adecoagro (NYSE:AGRO) Sees Large Volume Increase

Adecoagro S.A. (NYSE:AGRO) shares saw unusually-high trading volume on Monday . Approximately 780,606 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 658,192 shares.The stock last traded at $10.30 and had previously closed at $10.31.

Analysts Set New Price Targets

AGRO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Adecoagro from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $10.50 to $11.50 in a research note on Monday, July 1st. StockNews.com raised shares of Adecoagro from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Adecoagro Price Performance

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 4.35, a P/E/G ratio of 1.50 and a beta of 1.10. The company has a quick ratio of 1.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $9.46 and a two-hundred day simple moving average of $10.13.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, May 16th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $261.78 million during the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. As a group, research analysts predict that Adecoagro S.A. will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Adecoagro during the 4th quarter valued at $958,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Adecoagro by 60.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after acquiring an additional 167,608 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Adecoagro by 10.5% during the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after acquiring an additional 561,352 shares during the last quarter. Boston Partners lifted its position in shares of Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after acquiring an additional 546,465 shares during the last quarter. Finally, Helikon Investments Ltd lifted its position in shares of Adecoagro by 12.4% during the 4th quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company’s stock valued at $14,344,000 after acquiring an additional 142,595 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.