Adecoagro (NYSE:AGRO) Given New $9.90 Price Target at UBS Group

Adecoagro (NYSE:AGRO) had its price objective reduced by UBS Group from $10.50 to $9.90 in a research note issued to investors on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on AGRO. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Morgan Stanley cut shares of Adecoagro from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $13.00 to $10.00 in a report on Monday. Finally, Bank of America downgraded shares of Adecoagro from a “buy” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $10.80 in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.55.

Adecoagro Trading Down 2.4 %

Shares of NYSE:AGRO opened at $9.21 on Tuesday. Adecoagro has a 1 year low of $8.72 and a 1 year high of $12.08. The stock’s fifty day moving average price is $10.90 and its 200-day moving average price is $10.59. The company has a market cap of $920.44 million, a P/E ratio of 6.14, a PEG ratio of 1.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $0.175 per share. This represents a yield of 3%. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, May 2nd. Adecoagro’s payout ratio is 39.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. grew its position in shares of Adecoagro by 143,775.0% during the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company’s stock valued at $64,000 after acquiring an additional 5,751 shares during the period. R Squared Ltd purchased a new position in Adecoagro during the fourth quarter valued at $70,000. OLD Mission Capital LLC bought a new stake in Adecoagro during the fourth quarter valued at about $108,000. Dynamic Technology Lab Private Ltd purchased a new stake in Adecoagro in the fourth quarter worth about $126,000. Finally, Lazard Asset Management LLC raised its stake in shares of Adecoagro by 26.3% in the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock worth $126,000 after buying an additional 2,794 shares during the period. 45.25% of the stock is currently owned by institutional investors.

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.