Adecoagro (NYSE:AGRO) Stock Price Up 7% – Should You Buy?

Adecoagro S.A. (NYSE:AGRO) traded up 7% during trading on Monday . The company traded as high as $14.95 and last traded at $14.8790. 815,769 shares changed hands during trading, a decline of 36% from the average session volume of 1,267,051 shares. The stock had previously closed at $13.90.

Analysts Set New Price Targets

Several brokerages have issued reports on AGRO. Truist Financial set a $9.00 price objective on Adecoagro in a research report on Friday, January 9th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and increased their target price for the stock from $8.00 to $16.20 in a report on Monday, March 30th. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Bank of America upgraded shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a research report on Friday, January 9th. Finally, Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Adecoagro has a consensus rating of “Hold” and a consensus price target of $11.53.

Adecoagro Stock Performance

The firm has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $9.78. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -173.14 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last released its earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $432.91 million during the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. Analysts forecast that Adecoagro S.A. will post 1.42 EPS for the current fiscal year.

Adecoagro Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, May 4th will be given a $0.1213 dividend. This represents a yield of 160.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio (DPR) is presently -300.00%.

Insiders Place Their Bets

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. The trade was a 10.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 106,815 shares of company stock worth $1,540,799. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC acquired a new position in Adecoagro in the fourth quarter valued at approximately $88,000. Quadrature Capital Ltd acquired a new stake in Adecoagro during the 4th quarter worth $123,000. State of Wyoming raised its position in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Adecoagro during the 4th quarter valued at $147,000. Finally, Savant Capital LLC acquired a new position in shares of Adecoagro in the 4th quarter valued at $159,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.