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 research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has $12.50 price target on the stock, down from their previous price target of $14.50.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Adecoagro from a buy rating to a hold rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. raised shares of Adecoagro from an underweight rating to a neutral rating and increased their target price for the company from $10.50 to $11.50 in a research report on Monday, July 1st. Finally, Bank of America reduced their target price on shares of Adecoagro from $15.50 to $14.50 and set a buy rating for the company in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $12.63.

Adecoagro Trading Down 1.8 %

AGRO opened at $11.43 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.42 and a quick ratio of 0.98. Adecoagro has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The firm has a market capitalization of $1.19 billion, a PE ratio of 4.84, a P/E/G ratio of 1.19 and a beta of 1.08. The company’s 50-day moving average is $10.44 and its 200 day moving average is $10.35.

Adecoagro (NYSE:AGRO) last posted 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 net margin of 16.28% and a return on equity of 14.91%. As a group, research analysts predict that Adecoagro will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in Adecoagro in the 4th quarter valued at $958,000. Jennison Associates LLC raised its position in Adecoagro by 10.5% in the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock worth $65,379,000 after purchasing an additional 561,352 shares during the period. Boston Partners grew its holdings in Adecoagro by 410.7% in the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after acquiring an additional 546,465 shares during the last quarter. Helikon Investments Ltd grew its holdings in Adecoagro by 12.4% in the 4th quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company’s stock worth $14,344,000 after acquiring an additional 142,595 shares during the last quarter. Finally, Ping Capital Management Inc. bought a new stake in Adecoagro in the 2nd quarter worth $1,099,000. 45.25% of the stock is 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.