Adecoagro S.A. (NYSE:AGRO) Receives Average Rating of “Reduce” from Brokerages

Adecoagro S.A. (NYSE:AGRO) has received an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.50.

AGRO has been the subject of several research reports. Wall Street Zen cut shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Zacks Research upgraded Adecoagro from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. UBS Group lowered their target price on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a report on Monday, December 1st. They issued an “underweight” rating and a $7.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, January 21st.

Adecoagro Stock Performance

Shares of AGRO opened at $8.65 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The stock has a market cap of $865.28 million, a P/E ratio of 37.59 and a beta of 0.45. The business’s 50 day moving average price is $8.26 and its 200-day moving average price is $8.23. Adecoagro has a 52 week low of $6.89 and a 52 week high of $11.78.

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

Institutional Investors Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGRO. Sparta 24 Ltd. bought a new stake in shares of Adecoagro in the 2nd quarter worth about $19,197,000. Insigneo Advisory Services LLC raised its holdings in shares of Adecoagro by 166.8% in the second quarter. Insigneo Advisory Services LLC now owns 252,175 shares of the company’s stock valued at $2,305,000 after acquiring an additional 157,655 shares in the last quarter. Pale Fire Capital SE bought a new position in shares of Adecoagro during the second quarter valued at approximately $774,000. Vise Technologies Inc. purchased a new position in shares of Adecoagro in the 2nd quarter valued at $277,000. Finally, Magnetar Financial LLC lifted its position in shares of Adecoagro by 105.9% during the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock valued at $289,000 after buying an additional 16,260 shares during the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

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.