Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Adecoagro from a sell rating to a hold rating in a report on Monday. Santander lowered shares of Adecoagro from a buy rating to a hold rating in a report on Tuesday, December 11th. Citigroup initiated coverage on shares of Adecoagro in a report on Tuesday, December 18th. They issued a neutral rating for the company. Finally, Morgan Stanley lowered shares of Adecoagro from an overweight rating to an equal weight rating and set a $10.00 price objective for the company. in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Adecoagro has a consensus rating of Hold and an average target price of $9.50.
Adecoagro stock opened at $6.81 on Monday. The company has a market capitalization of $836.44 million, a P/E ratio of 8.61 and a beta of 0.57. Adecoagro has a 12-month low of $6.34 and a 12-month high of $9.06. The company has a quick ratio of 1.58, a current ratio of 2.38 and a debt-to-equity ratio of 0.65.
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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