NYSE:AGROFood
Adecoagro (AGRO) Valuation Check After Capital Raise Profertil Acquisition And Rating Upgrade
Adecoagro’s latest move and why it matters
Adecoagro (AGRO) is back in focus after a major bank upgraded its rating, following a US$308m capital increase in December and the acquisition of fertilizer producer Profertil.
The deal shifts part of Adecoagro’s exposure away from sugar and ethanol into fertilizers, a business that carries urea price risk but adds a different earnings stream that investors will now be watching closely.
See our latest analysis for Adecoagro.
At a share price of...