Adecoagro (NYSE:AGRO) Shares Up 3.1% – Still a Buy?

Adecoagro S.A. (NYSE:AGRO)’s stock price shot up 3.1% during trading on Friday . The stock traded as high as $11.08 and last traded at $11.08. 31,209 shares changed hands during trading, a decline of 96% from the average session volume of 722,144 shares. The stock had previously closed at $10.75.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AGRO shares. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Bank of America reduced their price target on Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research report on Monday, September 9th. UBS Group assumed coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.50 to $12.50 in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Adecoagro currently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Performance

The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $11.37 and a two-hundred day moving average price of $10.52. The stock has a market capitalization of $1.17 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $411.42 million for the quarter. Adecoagro had a return on equity of 10.28% and a net margin of 11.25%. On average, equities analysts forecast that Adecoagro S.A. will post 1.57 earnings per share for the current year.

Adecoagro Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is 23.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AGRO. Helikon Investments Ltd boosted its stake in Adecoagro by 169.2% in the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after acquiring an additional 4,363,628 shares during the last quarter. Herr Investment Group LLC raised its holdings in Adecoagro by 30.3% during the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after acquiring an additional 616,345 shares during the period. Discovery Capital Management LLC CT boosted its holdings in shares of Adecoagro by 39.1% in the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after acquiring an additional 667,878 shares during the period. Boston Partners grew its position in shares of Adecoagro by 410.7% in the first quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Adecoagro by 111.0% during the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after purchasing an additional 263,125 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Company Profile

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.