Adecoagro (NYSE:AGRO) Raised to Buy at StockNews.com

Adecoagro (NYSE:AGRO) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Adecoagro Stock Up 1.2 %

Adecoagro stock opened at $9.79 on Wednesday. The stock has a market capitalization of $1.02 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.03. Adecoagro has a twelve month low of $8.72 and a twelve month high of $12.07. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $9.78 and a 200-day moving average of $10.59.

Institutional Trading of Adecoagro

Institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its position in shares of Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after purchasing an additional 263,125 shares in the last quarter. BNP Paribas Financial Markets raised its position in Adecoagro by 14,282.7% during the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after acquiring an additional 155,681 shares in the last quarter. Blue Trust Inc. raised its position in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after acquiring an additional 6,387 shares in the last quarter. Helikon Investments Ltd raised its position in Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after acquiring an additional 4,363,628 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Adecoagro by 1.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

About Adecoagro

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.