Adecoagro (NYSE:AGRO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a research report sent to investors on Monday.

Adecoagro Stock Performance

NYSE:AGRO opened at $11.29 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $10.80 and a 200 day simple moving average of $10.71. Adecoagro has a 1-year low of $8.33 and a 1-year high of $12.51. The stock has a market cap of $1.18 billion, a P/E ratio of 5.35 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The firm had revenue of $263.95 million for the quarter. Research analysts anticipate that Adecoagro will post 1.69 earnings per share for the current year.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.1682 per share. The ex-dividend date of this dividend is Monday, May 13th. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.9%. Adecoagro’s dividend payout ratio (DPR) is currently 15.64%.

Institutional Investors Weigh In On Adecoagro

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Adecoagro by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after acquiring an additional 2,923 shares in the last quarter. NBC Securities Inc. acquired a new position in Adecoagro in the third quarter valued at about $54,000. Susquehanna Fundamental Investments LLC bought a new stake in Adecoagro during the first quarter worth about $128,000. Cornerstone Investment Partners LLC acquired a new stake in Adecoagro during the first quarter worth about $176,000. Finally, Principal Securities Inc. bought a new position in Adecoagro in the 4th quarter valued at about $204,000. 45.25% of the stock is currently 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.