Adecoagro received a Buy upgrade due to its attractive valuation and operational expansion prospects. Although recent challenges like a weak Q3 and weather-related delays affected crushing volumes, strong ethanol demand and expected future volume growth offset these issues. The acquisition of the Caarapó mill and record production at Profertil enhance the company's integration and long-term value. While debt increased due to acquisitions, early note redemption and a target leverage ratio of 2.5x indicate a balanced financial outlook.
Adecoagro shares have gained 7.56% in the last day, trading at USD 9.11 on Pluang. Despite the recent upgrade and positive outlook, all order activity on Pluang is currently 100% sell. These figures are as of Nov 15, 2026, 15:01 WIB.
