Adecoagro (NYSE:AGRO) Raised to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Adecoagro (NYSE:AGRO) from an underweight rating to a neutral rating in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $11.50 price target on the stock, up from their previous price target of $10.50.

Separately, StockNews.com upgraded shares of Adecoagro from a hold rating to a buy rating in a research note on Monday, May 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Adecoagro presently has an average rating of Hold and a consensus target price of $12.50.

Adecoagro Stock Up 0.4 %

Shares of Adecoagro stock opened at $9.88 on Monday. The company has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.36. The company has a current ratio of 2.87, a quick ratio of 1.16 and a debt-to-equity ratio of 0.49. Adecoagro has a twelve month low of $8.96 and a twelve month high of $12.51. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 4.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.22 EPS for the quarter. The company had revenue of $261.78 million for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. Equities research analysts forecast that Adecoagro will post 1.74 earnings per share for the current fiscal year.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, May 29th. Stockholders of record on Tuesday, May 14th were given a dividend of $0.1682 per share. This represents a dividend yield of 2.9%. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date was Monday, May 13th. Adecoagro’s payout ratio is presently 14.41%.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of Adecoagro by 168.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after buying an additional 2,923 shares during the last quarter. Sei Investments Co. increased its position in shares of Adecoagro by 13.6% in the 1st quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock worth $788,000 after purchasing an additional 8,559 shares during the last quarter. Claret Asset Management Corp raised its stake in shares of Adecoagro by 3.1% in the 4th quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock valued at $3,336,000 after purchasing an additional 9,110 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Adecoagro by 15.8% during the first quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock worth $892,000 after purchasing an additional 11,066 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Adecoagro during the first quarter worth about $128,000. 45.25% of the stock is owned by institutional investors and hedge funds.

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.