B of A Securities Upgrades Adecoagro (AGRO)
Nasdaq Fintel reports that on September 6, 2023, B of A Securities upgraded their outlook for Adecoagro (NYSE:AGRO) from Underperform to Neutral .
Analyst Price Forecast Suggests 0.46% Downside
As of August 30, 2023, the average one-year price target for Adecoagro is 11.35. The forecasts range from a low of 9.09 to a high of $13.65. The average price target represents a decrease of 0.46% from its latest reported closing price of 11.40.
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The projected annual revenue for Adecoagro is 1,354MM, a decrease of 3.75%. The projected annual non-GAAP EPS is 1.06.
What is the Fund Sentiment?
There are 111 funds or institutions reporting positions in Adecoagro. This is an increase of 1 owner(s) or 0.91% in the last quarter. Average portfolio weight of all funds dedicated to AGRO is 0.33%, an increase of 34.04%. Total shares owned by institutions decreased in the last three months by 1.36% to 60,173K shares. The put/call ratio of AGRO is 0.23, indicating a bullish outlook.