Adecoagro (NYSE:AGRO) Stock Price Up 2.6%

Adecoagro S.A. (NYSE:AGRO – Get Rating)’s share price rose 2.6% on Wednesday . The company traded as high as $9.30 and last traded at $9.20. Approximately 211,270 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 559,994 shares. The stock had previously closed at $8.97.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AGRO shares. HSBC lowered shares of Adecoagro from a “buy” rating to a “hold” rating and set a $9.75 target price on the stock. in a research report on Monday, April 17th. StockNews.com started coverage on shares of Adecoagro in a research report on Thursday, May 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered shares of Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Wednesday, February 8th. Finally, Morgan Stanley lowered shares of Adecoagro from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.55.

Adecoagro Price Performance

The company’s fifty day simple moving average is $8.33 and its 200-day simple moving average is $8.15. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.63. The stock has a market cap of $968.30 million, a P/E ratio of 14.67 and a beta of 0.99.

Adecoagro (NYSE:AGRO – Get Rating) last posted its earnings results on Thursday, March 9th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $371.62 million for the quarter. Adecoagro had a net margin of 4.79% and a return on equity of 11.25%. As a group, sell-side analysts forecast that Adecoagro S.A. will post 0.6 EPS for the current year.

Adecoagro Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, May 24th. Investors of record on Tuesday, May 9th were given a dividend of $0.163 per share. The ex-dividend date was Monday, May 8th. This represents a yield of 3.9%. Adecoagro’s dividend payout ratio (DPR) is 54.10%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGRO. Belpointe Asset Management LLC acquired a new position in Adecoagro during the 4th quarter valued at about $25,000. PEAK6 Investments LLC acquired a new position in Adecoagro during the 1st quarter valued at about $82,000. Pathstone Family Office LLC acquired a new position in Adecoagro during the 3rd quarter valued at about $87,000. HighTower Advisors LLC acquired a new position in Adecoagro during the 4th quarter valued at about $90,000. Finally, Moors & Cabot Inc. acquired a new position in Adecoagro during the 3rd quarter valued at about $104,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

About Adecoagro

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Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. The Farming segment is comprised of three reportable segments Crops, Rice and Dairy.