Are Adecoagro S.A (NYSE:AGRO) Shares Worth Your Time and Dime Following Recent Bank of America (Merrill Lynch) Upgrade?

Share

Adecoagro S.A (NYSE:AGRO) Stock Upgrade

In an analyst research report issued to investors and clients on 15 December, Bank of America (Merrill Lynch) raised shares of Adecoagro S.A (NYSE:AGRO) to a solid “Buy” rating from their previous “Neutral” 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 17.62% above today’s ($11.69) 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 1.90M shares of stock traded hands or 284.22% 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.”

COMMENTS: