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

ME Staff
-
0

Analyst Ratings For Adecoagro SA (NYSE:AGRO)

Today, Citigroup initiated coverage on Adecoagro SA (NYSE:AGRO) with a Neutral.

There are 5 Hold Ratings, no Strong Buy Ratings, no Sell Ratings, no Buy Ratings on the stock.

The current consensus rating on Adecoagro SA (NYSE:AGRO) is Hold with a consensus target price of $10.00 per share, a potential 49.25% upside.

Some recent analyst ratings include

  • 12/18/2018-Adecoagro SA (NYSE:AGRO) has coverage initiated with a Neutral rating
  • 12/11/2018-Adecoagro SA (NYSE:AGRO) gets downgraded to Hold by Santander
  • 7/27/2018-Adecoagro SA (NYSE:AGRO) had its Outperform ➝ Neutral rating reiterated by Credit Suisse Group with a $11.00 price target
  • 4/4/2018-Adecoagro SA (NYSE:AGRO) gets downgraded to Neutral by JPMorgan Chase & Co. with a price target of $9.00
  • 3/15/2018-Adecoagro SA (NYSE:AGRO) gets downgraded to Market Perform by UBS Group

    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 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. It is involved in planting, harvesting, processing, and marketing of rice; and producing and selling fluid milk and other dairy products. In addition, the company engages 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, 2017, the company owned a total of 246,139 hectares, including 19 farms in Argentina, 11 farms in Brazil, and 1 farm in Uruguay; 3 rice processing facilities in Argentina; and 2 dairy facilities with approximately 6,967 milking cows in Argentina. It also had 11 grain and rice conditioning and storage plants in Argentina; and 3 sugar and ethanol mills in Brazil with a sugarcane crushing capacity of 12.3 million tons, as well as had a total of 232 megawatts of installed cogeneration capacity. The company was founded in 2002 and is based in Luxembourg City, Luxembourg.

    Recent Trading Activity for Adecoagro SA (NYSE:AGRO)
    Shares of Adecoagro SA closed the previous trading session at 6,71 +0,030 0,45 % with 6.65 shares trading hands.