Adecoagro SA (NYSE: AGRO) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Minimal positive changes in fundamentals have recently occurred for Adecoagro SA (NYSE: AGRO): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AGRO is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Adecoagro has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Adecoagro has a very high Appreciation Score of 88 but a slightly negative Power Rating of 33, triggering the High Neutral Value Trend Rating.
Recent Price Action
On 8/13/24, Adecoagro SA (NYSE: AGRO) stock enjoyed a very large increase of 9.7%, closing at $11.57. Moreover, exceptionally high trading volume at 469% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 28.0% during the last week.
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