Adecoagro S.A. (AGRO) : Traders are bullish on Adecoagro S.A. (AGRO) as it has outperformed the S&P 500 by a wide margin of 10.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.01% in the last 1 week, and is up 10.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.31% and the 50-Day Moving Average is 8.98%.The 200 Day SMA reached 1.25%
Adecoagro S.A. (NYSE:AGRO): After opening at $11.28, the stock dipped to an intraday low of $11.19 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.48 and the buying power remained strong till the end. The stock closed at $11.41 for the day, a gain of 1.97% for the day session. The total traded volume was 877,330. The stocks close on the previous trading day was $11.41.
Adecoagro S.A. (AGRO) : Currently there are 3 street experts covering Adecoagro S.A. (AGRO) stock. The most bullish and bearish price target for the stock is $16 and $13 respectively for the short term. The average price target of all the analysts comes to $14.77. The estimated standard deviation from the target is $1.57.
Adecoagro S.A. is a holding company. The Company, through its operating subsidiaries, primarily engaged in agricultural and agro-industrial activities. The Company has three operating segments: Farming, Sugar, Ethanol and Energy and Land Transformation. The Companys Farming segment is further consisted of four segments: Crops, which produces a range of agricultural commodities; Rice, which produces irrigated rice; Dairy, which produces raw milk, and All Other, which consists of leasing pasture land to cattle farmers in Argentina and leasing its coffee plantation in the Rio de Janeiro farm to a third party. Its Sugar, Ethanol and Energy segment consists of cultivating sugarcane, which is processed in owned sugar mills, transformed into ethanol, sugar and electricity and marketed. Its Land Transformation segment consists of the identification and acquisition of underdeveloped and undermanaged farmland businesses and realization of value through the strategic disposition of assets.