Adecoagro (NYSE:AGRO) Shares Up 6.3% – Should You Buy?

Adecoagro S.A. (NYSE:AGRO)’s share price rose 6.3% on Wednesday . The stock traded as high as $10.20 and last traded at $10.23. Approximately 378,096 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 1,158,282 shares. The stock had previously closed at $9.62.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGRO. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and raised their price target for the stock from $8.00 to $16.20 in a research note on Monday, March 30th. JPMorgan Chase & Co. boosted their price objective on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and upped their price target for the company from $13.00 to $15.00 in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.12.

Adecoagro Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.74 and a quick ratio of 0.86. The company has a market capitalization of $1.45 billion, a P/E ratio of 508.25 and a beta of -0.04. The company has a fifty day moving average price of $11.72 and a two-hundred day moving average price of $10.87.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%.The firm had revenue of $419.44 million during the quarter, compared to analyst estimates of $408.94 million. Equities analysts forecast that Adecoagro S.A. will post 1.73 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 4th were issued a $0.1213 dividend. This represents a dividend yield of 160.0%. The ex-dividend date was Monday, May 4th. Adecoagro’s dividend payout ratio is currently 1,200.00%.

Institutional Investors Weigh In On Adecoagro

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGRO. Cantor Fitzgerald L. P. purchased a new stake in Adecoagro during the third quarter worth about $1,082,000. Tudor Investment Corp ET AL purchased a new position in Adecoagro in the 3rd quarter valued at approximately $295,000. Quent Capital LLC purchased a new stake in shares of Adecoagro during the fourth quarter worth $595,000. Decker Retirement Planning Inc. purchased a new stake in Adecoagro during the 1st quarter worth about $4,629,000. Finally, Stonebridge Financial Group LLC MO bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $592,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

About Adecoagro

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.