Adecoagro (NYSE:AGRO) Trading 3.1% Higher - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report) shot up 3.1% during mid-day trading on Friday . The company traded as high as $11.08 and last traded at $11.08. 31,209 shares traded 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

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. UBS Group began coverage on Adecoagro in a research note on Monday, October 14th. They issued a "neutral" rating and a $12.00 target price on the stock. Morgan Stanley lowered shares of Adecoagro from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Finally, Bank of America decreased their target price on Adecoagro from $15.50 to $14.50 and set a "buy" rating for the company in a research report on Monday, September 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.63.

Adecoagro Price Performance

The business has a fifty day moving average of $11.36 and a 200-day moving average of $10.52. 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 firm has a market cap of $1.18 billion, a PE ratio of 7.58, a PEG ratio of 1.16 and a beta of 1.08.

Adecoagro (NYSE:AGRO - Get Free Report) last announced 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 net margin of 11.25% and a return on equity of 10.28%. As a group, research analysts predict that Adecoagro S.A. will post 1.57 earnings per share for the current year.

Adecoagro Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a $0.174 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Adecoagro's previous Semi-Annual dividend of $0.16. Adecoagro's dividend payout ratio (DPR) is 23.33%.

Institutional Trading of Adecoagro

A number of large investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC purchased a new stake in Adecoagro in the first quarter valued at approximately $128,000. Sei Investments Co. lifted its holdings in shares of Adecoagro by 13.6% during the 1st quarter. Sei Investments Co. now owns 71,537 shares of the company's stock worth $788,000 after acquiring an additional 8,559 shares during the last quarter. MQS Management LLC bought a new stake in shares of Adecoagro during the 1st quarter worth $306,000. Absolute Gestao de Investimentos Ltda. purchased a new position in Adecoagro in the first quarter worth $4,174,000. Finally, Boston Partners increased its stake in 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 acquiring an additional 546,465 shares during 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.