Adecoagro (NYSE:AGRO) Upgraded at JPMorgan Chase & Co.

Adecoagro (NYSE:AGRO) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $11.50 target price on the stock, up from their prior target price of $10.50. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.87% from the company’s current price.

Separately, StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Adecoagro has a consensus rating of “Hold” and an average price target of $12.50.

Adecoagro Stock Down 0.9 %

NYSE:AGRO opened at $9.84 on Monday. The stock’s fifty day moving average price is $10.05 and its two-hundred day moving average price is $10.36. Adecoagro has a 52-week low of $8.96 and a 52-week high of $12.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 4.17, a P/E/G ratio of 1.46 and a beta of 1.10.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The firm had revenue of $261.78 million for the quarter. On average, analysts anticipate that Adecoagro will post 1.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Adecoagro by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after buying an additional 2,923 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Adecoagro during the 1st quarter worth about $128,000. Cornerstone Investment Partners LLC bought a new position in shares of Adecoagro in the 1st quarter valued at about $176,000. Principal Securities Inc. bought a new position in shares of Adecoagro in the 4th quarter valued at about $204,000. Finally, Semanteon Capital Management LP bought a new position in shares of Adecoagro in the 4th quarter valued at about $225,000. 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.