JPMorgan Chase Lowers Adecoagro (AGRO) to Neutral

JPMorgan Chase downgraded shares of Adecoagro (NYSE:AGRO) from an overweight rating to a neutral rating in a report published on Wednesday, Marketbeat reports. The firm currently has $9.00 price target on the stock.

AGRO has been the topic of a number of other reports. Zacks Investment Research raised shares of Adecoagro from a sell rating to a hold rating in a research report on Monday, January 15th. ValuEngine downgraded shares of Adecoagro from a hold rating to a sell rating in a research report on Thursday, March 1st. Finally, UBS downgraded shares of Adecoagro from an outperform rating to a market perform rating in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $9.00.

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Shares of Adecoagro stock opened at $8.09 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.03. The firm has a market cap of $978.47, a price-to-earnings ratio of 100.75 and a beta of 1.12. Adecoagro has a 12-month low of $7.22 and a 12-month high of $11.92.

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its position in shares of Adecoagro by 238.9% in the 3rd quarter. GSA Capital Partners LLP now owns 43,071 shares of the company’s stock worth $465,000 after buying an additional 30,361 shares during the period. EMS Capital LP grew its position in shares of Adecoagro by 19.0% in the 4th quarter. EMS Capital LP now owns 8,462,958 shares of the company’s stock worth $87,507,000 after buying an additional 1,349,400 shares during the period. Brandes Investment Partners LP grew its position in shares of Adecoagro by 26.0% in the 4th quarter. Brandes Investment Partners LP now owns 2,028,604 shares of the company’s stock worth $20,976,000 after buying an additional 418,316 shares during the period. US Bancorp DE grew its position in shares of Adecoagro by 27.6% in the 4th quarter. US Bancorp DE now owns 41,972 shares of the company’s stock worth $433,000 after buying an additional 9,090 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Adecoagro by 26.5% in the 3rd quarter. New York State Common Retirement Fund now owns 182,067 shares of the company’s stock worth $1,966,000 after buying an additional 38,165 shares during the period. 41.10% of the stock is currently owned by hedge funds and other institutional investors.

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Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties.

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