Adecoagro (NYSE:AGRO) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Adecoagro S.A. (NYSE:AGRO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.20 and traded as high as $9.29. Adecoagro shares last traded at $9.1360, with a volume of 684,991 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial set a $9.00 price objective on Adecoagro in a research note on Friday, January 9th. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. UBS Group dropped their price objective on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Adecoagro from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Adecoagro Stock Up 0.9%

The company has a market capitalization of $968.83 million, a price-to-earnings ratio of 42.09 and a beta of 0.44. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $8.59 and a 200-day moving average price of $8.21.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.00 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The firm had revenue of $304.21 million for the quarter. As a group, equities analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Adecoagro

Several large investors have recently added to or reduced their stakes in AGRO. Orion Porfolio Solutions LLC purchased a new position in shares of Adecoagro during the fourth quarter valued at $88,000. Quadrature Capital Ltd acquired a new stake in Adecoagro during the 4th quarter worth about $123,000. Jeppson Wealth Management LLC acquired a new stake in Adecoagro during the 3rd quarter worth about $124,000. State of Wyoming grew its stake in Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Adecoagro during the 4th quarter valued at about $147,000. 45.25% of the stock is owned by institutional investors and hedge funds.

About Adecoagro

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.