Latest Stocks: Adecoagro SA (AGRO) Stock Rating Lowered by ValuEngine

Latest Stocks: Adecoagro SA (AGRO) Stock Rating Lowered by ValuEngine

Adecoagro SA (NYSE:AGRO) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, Zacks Investment Research lowered shares of Adecoagro SA from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th.

Shares of Adecoagro SA (NYSE:AGRO) opened at 10.57 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 220.21 and a beta of 0.95. The company’s 50 day moving average is $11.24 and its 200 day moving average is $11.32. Adecoagro SA has a 52-week low of $9.38 and a 52-week high of $13.29. Adecoagro SA (NYSE:AGRO) last posted its quarterly earnings results on Monday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.17. Adecoagro SA had a negative net margin of 1.36% and a negative return on equity of 1.56%. The business had revenue of $166.09 million during the quarter. Analysts anticipate that Adecoagro SA will post $0.93 earnings per share for the current year.

Shares of Adecoagro SA (NYSE:AGRO) opened at 10.57 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 220.21 and a beta of 0.95. The company’s 50 day moving average is $11.24 and its 200 day moving average is $11.32. Adecoagro SA has a 52-week low of $9.38 and a 52-week high of $13.29. A number of hedge funds have recently bought and sold shares of AGRO. Morgan Stanley raised its stake in Adecoagro SA by 30.7% in the first quarter. Morgan Stanley now owns 2,902,547 shares of the company’s stock worth $33,263,000 after buying an additional 682,603 shares during the period. Driehaus Capital Management LLC raised its stake in Adecoagro SA by 2,138.7% in the first quarter. Driehaus Capital Management LLC now owns 1,878,678 shares of the company’s stock worth $21,530,000 after buying an additional 1,794,760 shares during the period. Parametric Portfolio Associates LLC raised its stake in Adecoagro SA by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 735,504 shares of the company’s stock worth $8,429,000 after buying an additional 23,466 shares during the period. Barings LLC purchased a new stake in Adecoagro SA during the first quarter worth $7,253,000. Finally, Renaissance Technologies LLC raised its stake in Adecoagro SA by 169.7% in the first quarter. Renaissance Technologies LLC now owns 589,300 shares of the company’s stock worth $6,753,000 after buying an additional 370,800 shares during the period. 59.34% of the stock is currently owned by institutional investors and hedge funds.

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