ValuEngine upgraded shares of Adecoagro (NYSE:AGRO) from a strong sell rating to a sell rating in a research note published on Tuesday morning.

A number of other research firms have also recently issued reports on AGRO. Zacks Investment Research cut shares of Adecoagro from a buy rating to a hold rating in a research report on Tuesday, September 25th. Credit Suisse Group reiterated a neutral rating and set a $11.00 price target on shares of Adecoagro in a research report on Friday, July 27th. Finally, Santander started coverage on shares of Adecoagro in a research report on Tuesday, July 17th. They set a buy rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Adecoagro has an average rating of Hold and an average price target of $10.00.

AGRO stock opened at $8.09 on Tuesday. Adecoagro has a 12-month low of $6.93 and a 12-month high of $10.91. The stock has a market capitalization of $976.05 million, a price-to-earnings ratio of 98.63 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.46 and a current ratio of 2.51.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Thursday, August 16th. The company reported $0.77 earnings per share (EPS) for the quarter. Adecoagro had a negative net margin of 2.53% and a positive return on equity of 15.85%. The firm had revenue of $215.92 million for the quarter. As a group, equities analysts predict that Adecoagro will post 0.81 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Adecoagro during the second quarter valued at about $139,000. Wells Fargo & Company MN increased its position in shares of Adecoagro by 156.4% during the first quarter. Wells Fargo & Company MN now owns 22,918 shares of the company’s stock valued at $172,000 after buying an additional 13,979 shares during the period. California Public Employees Retirement System purchased a new position in shares of Adecoagro during the second quarter valued at about $186,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Adecoagro during the second quarter valued at about $288,000. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Adecoagro by 306.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 77,261 shares of the company’s stock valued at $615,000 after buying an additional 58,264 shares during the period. Institutional investors own 37.61% of the company’s stock.

About Adecoagro

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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