Adecoagro (NYSE:AGRO) Shares Up 5.5% – What’s Next?

Shares of Adecoagro S.A. (NYSE:AGRO) were up 5.5% during trading on Monday . The company traded as high as $7.51 and last traded at $7.5250. Approximately 1,706,383 shares changed hands during trading, an increase of 147% from the average daily volume of 691,659 shares. The stock had previously closed at $7.13.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AGRO. UBS Group reduced their price target on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. JPMorgan Chase & Co. assumed coverage on shares of Adecoagro in a report on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average target price of $8.83.

Adecoagro Stock Performance

The stock has a market capitalization of $758.05 million, a P/E ratio of 32.93 and a beta of 0.44. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $7.89 and a two-hundred day moving average price of $8.53.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, December 1st. The company reported $0.00 EPS for the quarter. The business had revenue of $304.21 million during the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. On average, equities analysts forecast that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Adecoagro Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd were issued a $0.1749 dividend. This represents a yield of 444.0%. The ex-dividend date was Monday, November 3rd. Adecoagro’s dividend payout ratio (DPR) is presently 152.17%.

Hedge Funds Weigh In On Adecoagro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Adecoagro by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,823 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Adecoagro during the 1st quarter valued at $419,000. Quantbot Technologies LP increased its stake in Adecoagro by 5.8% during the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock valued at $300,000 after purchasing an additional 1,481 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Adecoagro by 16.7% during the first quarter. Hsbc Holdings PLC now owns 119,958 shares of the company’s stock worth $1,338,000 after buying an additional 17,148 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Adecoagro by 17.1% in the first quarter. Jump Financial LLC now owns 92,757 shares of the company’s stock valued at $1,036,000 after buying an additional 13,563 shares in the last quarter. 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.