StockNews.com Upgrades BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) to “Hold”

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Stock Performance

Shares of LND opened at $4.64 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.09 and a quick ratio of 1.24. The firm’s 50 day moving average is $4.71 and its 200-day moving average is $4.81. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 12-month low of $4.40 and a 12-month high of $6.00. The stock has a market capitalization of $476.45 million, a P/E ratio of 8.91 and a beta of 0.83.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $105.87 million during the quarter.

Hedge Funds Weigh In On BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

An institutional investor recently raised its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC raised its position in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,735 shares of the company’s stock after buying an additional 8,235 shares during the quarter. Renaissance Technologies LLC owned 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 at the end of the most recent quarter. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.