Adecoagro S.A. (NYSE:AGRO) Receives Consensus Recommendation of “Strong Sell” from Analysts

Adecoagro S.A. (NYSE:AGRO) has earned a consensus recommendation of “Strong Sell” from the five research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.8250.

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. UBS Group reduced their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. JPMorgan Chase & Co. initiated coverage on Adecoagro in a research note on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th.

Adecoagro Stock Down 0.1%

Adecoagro stock opened at $7.95 on Friday. Adecoagro has a twelve month low of $6.89 and a twelve month high of $11.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The firm has a market cap of $795.22 million, a PE ratio of 34.54 and a beta of 0.44. The firm’s 50 day moving average price is $7.90 and its two-hundred day moving average price is $8.44.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.00 EPS for the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. The company had revenue of $304.21 million for the quarter. On average, research analysts predict that Adecoagro will post 1.24 EPS for the current fiscal year.

Adecoagro Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.1749 per share. This represents a dividend yield of 444.0%. The ex-dividend date was Monday, November 3rd. Adecoagro’s payout ratio is currently 152.17%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Amundi raised its stake in shares of Adecoagro by 5.1% during the first quarter. Amundi now owns 730,766 shares of the company’s stock valued at $8,177,000 after acquiring an additional 35,530 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Adecoagro during the 1st quarter valued at about $1,907,000. Alpine Global Management LLC acquired a new position in Adecoagro in the first quarter valued at approximately $1,609,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Adecoagro by 24.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock worth $24,496,000 after buying an additional 431,641 shares in the last quarter. Finally, Maverick Capital Ltd. grew its position in shares of Adecoagro by 162.3% during the 1st quarter. Maverick Capital Ltd. now owns 48,291 shares of the company’s stock worth $539,000 after buying an additional 29,883 shares during the period. 45.25% of the stock is currently owned by institutional investors and hedge funds.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.