Adecoagro (NYSE:AGRO) Shares Gap Up – Time to Buy?

Shares of Adecoagro S.A. (NYSE:AGRO) gapped up before the market opened on Friday . The stock had previously closed at $10.72, but opened at $11.45. Adecoagro shares last traded at $10.89, with a volume of 191,808 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Up 1.2 %

The stock has a market capitalization of $1.13 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The stock has a fifty day moving average price of $10.06 and a 200 day moving average price of $10.65.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AGRO. Sanctuary Advisors LLC purchased a new stake in shares of Adecoagro in the fourth quarter worth about $491,000. Citigroup Inc. increased its holdings in Adecoagro by 111.0% during the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after acquiring an additional 263,125 shares during the period. Blue Trust Inc. lifted its stake in Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after purchasing an additional 6,387 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Adecoagro by 14,282.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock valued at $1,735,000 after purchasing an additional 155,681 shares during the period. Finally, Banco Santander S.A. bought a new position in Adecoagro in the 4th quarter valued at $73,714,000. Institutional investors 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.