Adecoagro (NYSE:AGRO) Downgraded to “Market Perform” at UBS

UBS cut shares of Adecoagro (NYSE:AGRO) from an outperform rating to a market perform rating in a research note published on Thursday, March 15th, The Fly reports.

Several other equities research analysts have also issued reports on AGRO. TheStreet lowered shares of Adecoagro from a c rating to a d+ rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Adecoagro from a sell rating to a hold rating in a research note on Monday, January 15th. Finally, ValuEngine lowered shares of Adecoagro from a hold rating to a sell rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Adecoagro presently has a consensus rating of Hold and a consensus target price of $9.00.

Shares of AGRO stock traded up $0.03 on Thursday, hitting $8.09. The company’s stock had a trading volume of 599,137 shares, compared to its average volume of 834,355. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.03. Adecoagro has a fifty-two week low of $7.22 and a fifty-two week high of $11.92. The firm has a market cap of $982.12, a PE ratio of 101.13 and a beta of 1.12.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Adecoagro by 46.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,113 shares of the company’s stock worth $211,000 after acquiring an additional 6,700 shares during the last quarter. Cambiar Investors LLC lifted its position in Adecoagro by 21.2% during the 3rd quarter. Cambiar Investors LLC now owns 43,225 shares of the company’s stock worth $467,000 after acquiring an additional 7,560 shares during the last quarter. US Bancorp DE lifted its position in Adecoagro by 27.6% during the 4th quarter. US Bancorp DE now owns 41,972 shares of the company’s stock worth $433,000 after acquiring an additional 9,090 shares during the last quarter. William Blair Investment Management LLC lifted its position in Adecoagro by 7.0% during the 4th quarter. William Blair Investment Management LLC now owns 146,520 shares of the company’s stock worth $1,515,000 after acquiring an additional 9,581 shares during the last quarter. Finally, Highland Capital Management LP lifted its position in Adecoagro by 2.8% during the 4th quarter. Highland Capital Management LP now owns 389,822 shares of the company’s stock worth $4,031,000 after acquiring an additional 10,700 shares during the last quarter. 41.10% of the stock is 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.

The Fly

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