Adecoagro SA (NYSE:AGRO) has coverage initiated with a Buy rating

Analyst Ratings For Adecoagro SA (NYSE:AGRO)

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Today, Santander initiated coverage on Adecoagro SA (NYSE:AGRO) with a Buy.

There are 0 sell ratings, 2 hold ratings, 1 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Adecoagro SA (NYSE:AGRO) is Hold with a consensus target price of $9.00 per share, a potential 5.76% upside.

Some recent analyst ratings include

  • 7/17/2018-Santander initiated coverage with a Buy rating.
  • 4/4/2018-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a “Overweight ” rating to a ” Neutral” rating. They now have a $9.00 price target on the stock.
  • 3/15/2018-UBS Group was Downgraded by analysts at UBS Group from a “Outperform ” rating to a ” Market Perform” rating. They now have a N/A price target on the stock.

    About Adecoagro SA (NYSE:AGRO)
    Adecoagro S.A., 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 is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties. It also engages in planting, harvesting, processing, and marketing rice; and producing and selling fluid milk and other dairy products. In addition, the company is involved in the cultivation and processing of sugar and ethanol, as well as cogeneration of electricity from sugarcane bagasse; and identification and acquisition of underdeveloped and undermanaged farmland, and realization of value through the strategic disposition of assets. Further, it is involved in leasing approximately 27,216 hectares of pasture land to cattle farmers in Argentina; and coffee plantation in the Rio de Janeiro farm located in Western Bahia to a third party. As of December 31, 2016, the company owned a total of 246,139 hectares, which comprised 19 farms in Argentina, 11 farms in Brazil, and 1 farm in Uruguay; 3 rice processing facilities in Argentina; 2 dairy facilities with approximately 6,880 milking cows in Argentina; 11 grain and rice conditioning and storage plants in Argentina; and 3 sugar and ethanol mills in Brazil with a sugarcane crushing capacity of 11.2 million tons, as well as had a total of 232 MW of installed cogeneration capacity. Adecoagro S.A. was founded in 2002 and is based in Luxembourg.

    Recent Trading Activity for Adecoagro SA (NYSE:AGRO)
    Shares of Adecoagro SA closed the previous trading session at 8.50 up +0.080 0.95% with shares trading hands.

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