Adecoagro (NYSE:AGRO) Sees Strong Trading Volume

Adecoagro S.A. (NYSE:AGRO) saw unusually-high trading volume on Monday . Approximately 780,606 shares were traded during trading, an increase of 19% from the previous session’s volume of 658,192 shares.The stock last traded at $10.30 and had previously closed at $10.31.

Wall Street Analyst Weigh In

AGRO has been the topic of several research analyst reports. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $10.50 to $11.50 in a research note on Monday, July 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Adecoagro has an average rating of “Hold” and a consensus price target of $12.50.

Adecoagro Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.50 and a beta of 1.10. The company has a quick ratio of 1.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $9.52 and its 200-day moving average price is $10.14.

Adecoagro (NYSE:AGRO) last issued its earnings results on Thursday, May 16th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $261.78 million for the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. On average, equities research analysts forecast that Adecoagro S.A. will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

Several hedge funds have recently added to or reduced their stakes in AGRO. Tower Research Capital LLC TRC grew its position in shares of Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after acquiring an additional 2,923 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Adecoagro during the first quarter worth approximately $128,000. Cornerstone Investment Partners LLC purchased a new position in shares of Adecoagro during the first quarter worth approximately $176,000. BigSur Wealth Management LLC purchased a new position in shares of Adecoagro during the second quarter worth approximately $175,000. Finally, Principal Securities Inc. purchased a new position in shares of Adecoagro during the fourth quarter worth approximately $204,000. 45.25% of the stock is currently owned by hedge funds and other 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.