Fintel reports that on October 14, 2024, UBS initiated coverage of Adecoagro (NYSE:AGRO) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.86% Upside
As of September 25, 2024, the average one-year price target for Adecoagro is $13.69/share. The forecasts range from a low of $10.60 to a high of $17.85. The average price target represents an increase of 24.86% from its latest reported closing price of $10.96 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Adecoagro is 1,352MM, an increase of 2.20%. The projected annual non-GAAP EPS is 0.86.
What is the Fund Sentiment?
There are 158 funds or institutions reporting positions in Adecoagro. This is an increase of 2 owner(s) or 1.28% in the last quarter. Average portfolio weight of all funds dedicated to AGRO is 0.23%, an increase of 12.52%. Total shares owned by institutions decreased in the last three months by 0.41% to 53,839K shares. 
The put/call ratio of AGRO is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Route One Investment Company holds 10,076K shares representing 9.83% ownership of the company. In its prior filing, the firm reported owning 11,613K shares , representing a decrease of 15.25%. The firm decreased its portfolio allocation in AGRO by 27.19% over the last quarter.
Jennison Associates holds 6,254K shares representing 6.10% ownership of the company. In its prior filing, the firm reported owning 5,933K shares , representing an increase of 5.14%. The firm decreased its portfolio allocation in AGRO by 52.54% over the last quarter.
PGGM Investments holds 4,500K shares representing 4.39% ownership of the company. No change in the last quarter.
PGOAX - PGIM JENNISON SMALL COMPANY FUND holds 3,326K shares representing 3.25% ownership of the company. In its prior filing, the firm reported owning 3,212K shares , representing an increase of 3.43%. The firm decreased its portfolio allocation in AGRO by 4.80% over the last quarter.
Herr Investment Group holds 2,650K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 2,033K shares , representing an increase of 23.26%. The firm decreased its portfolio allocation in AGRO by 70.68% over the last quarter.
Adecoagro Background Information
(This description is provided by the company.)
Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation.
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