Adecoagro (NYSE:AGRO) Downgraded to “Equal Weight” at Morgan Stanley

Morgan Stanley downgraded shares of Adecoagro (NYSE:AGRO) from an overweight rating to an equal weight rating in a report released on Tuesday, Marketbeat.com reports. They currently have $12.50 target price on the stock, down from their prior target price of $14.50.

Other equities analysts have also issued reports about the company. StockNews.com lowered Adecoagro from a buy rating to a hold rating in a report on Tuesday, August 13th. Bank of America cut their price objective on Adecoagro from $15.50 to $14.50 and set a buy rating on the stock in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. raised Adecoagro from an underweight rating to a neutral rating and upped their target price for the stock from $10.50 to $11.50 in a research report on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $12.63.

Adecoagro Trading Down 3.1 %

NYSE AGRO opened at $11.19 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.51. The firm’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $10.33. The company has a market capitalization of $1.17 billion, a PE ratio of 4.74, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last issued its earnings results on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. The company had revenue of $411.42 million for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. As a group, sell-side analysts anticipate that Adecoagro will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently made changes to their positions in the business. Jennison Associates LLC grew its holdings in Adecoagro by 10.5% in the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after buying an additional 561,352 shares during the last quarter. Herr Investment Group LLC boosted its position in shares of Adecoagro by 30.3% in the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after acquiring an additional 616,345 shares during the period. Helikon Investments Ltd grew its stake in shares of Adecoagro by 2.0% in the second quarter. Helikon Investments Ltd now owns 2,578,229 shares of the company’s stock worth $25,086,000 after acquiring an additional 51,305 shares during the last quarter. Discovery Capital Management LLC CT grew its stake in shares of Adecoagro by 39.1% in the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after acquiring an additional 667,878 shares during the last quarter. Finally, Boston Partners boosted its holdings in Adecoagro by 410.7% in the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares during the period. 45.25% of the stock is currently owned by institutional investors.

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.