Adecoagro S.A (NYSE:AGRO) Has Been Upgraded Today by BofA Merrill to a Buy

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Adecoagro S.A (NYSE:AGRO) Stock Upgrade

In a recent research report issued to clients on Tuesday, 15 December, professional analysts at the BofA Merrill research division hiked shares of Adecoagro S.A (NYSE:AGRO) stock from a Neutral to a respectable Buy rating.

From a total of 9 analysts covering Adecoagro S.A. (NYSE:AGRO) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $15.5 while the lowest target price is $11. The mean of all analyst targets is $13.06 with a 19.67% above today’s ($11.49) stock price. Adecoagro S.A. was the topic of 3 analyst reports since September 28, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on November 23 with “Overweight” rating.

Approximately 825,486 shares of stock traded hands or 66.93% up from the average. Adecoagro SA (NYSE:AGRO) has risen 6.59% since May 12, 2015 and is uptrending. It has outperformed by 10.26% the S&P500.

Adecoagro S.A. is a holding company

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.”

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