The stock of Adecoagro SA (NYSE:AGRO) is a huge mover today! About 319,520 shares traded hands or 1.55% up from the average. Adecoagro SA (NYSE:AGRO) has declined 11.49% since April 13, 2016 and is downtrending. It has underperformed by 15.42% the S&P500.
The move comes after 5 months positive chart setup for the $1.26B company. It was reported on Nov, 15 by Barchart.com. We have $14.70 PT which if reached, will make NYSE:AGRO worth $504.00M more.
Adecoagro SA (NYSE:AGRO) Ratings Coverage
Out of 3 analysts covering Adecoagro S.A. (NYSE:AGRO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Adecoagro S.A. has been the topic of 4 analyst reports since September 28, 2015 according to StockzIntelligence Inc. On Monday, September 28 the stock rating was initiated by JP Morgan with “Overweight”. The firm earned “Buy” rating on Tuesday, December 15 by Bank of America. Morgan Stanley maintained Adecoagro SA (NYSE:AGRO) on Monday, November 23 with “Overweight” rating.
According to Zacks Investment Research, “Adecoagro S.A. operates as an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. The Company is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation. Adecoagro S.A. is based in Luxembourg.”
More recent Adecoagro SA (NYSE:AGRO) news were published by: Reuters.com which released: “BRIEF-Adecoagro SA Q3 sales rose 44.5 percent to $246.4 million” on November 14, 2016. Also Benzinga.com published the news titled: “7 Stocks That Plummeted The Past Three Days On Increasing Volume” on November 14, 2016. Seekingalpha.com‘s news article titled: “Adecoagro’s Valuation Looks A Little Too Sour” with publication date: October 03, 2016 was also an interesting one.
AGRO Company Profile
Adecoagro S.A., incorporated on June 17, 2010, is a holding firm primarily engaged through its operating subsidiaries in agricultural and agro-industrial activities. The Firm is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Firm is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. The Company’s agricultural activities consist of harvesting certain agricultural products, including crops (soybeans, corn and wheat), rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. The Company’s manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company’s land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land and implementing production technology and agricultural practices to enhance yields and increase the value of the land.
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