Adecoagro S.A. (NYSE:AGRO) Given Average Recommendation of “Reduce” by Analysts

Shares of Adecoagro S.A. (NYSE:AGRO) have earned a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.5333.

Several research analysts recently commented on AGRO shares. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Morgan Stanley upgraded Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $9.50 to $13.00 in a research note on Tuesday, March 17th. Weiss Ratings lowered Adecoagro from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Citigroup lowered Adecoagro from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Tuesday, April 14th. Finally, Wall Street Zen raised Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th.

Adecoagro Trading Up 0.0%

NYSE:AGRO opened at $12.81 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. Adecoagro has a one year low of $6.89 and a one year high of $15.89. The business’s 50-day simple moving average is $13.62 and its 200 day simple moving average is $10.23. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 640.87 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.49). Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%.The business had revenue of $419.45 million during the quarter, compared to analyst estimates of $408.94 million. As a group, sell-side analysts predict that Adecoagro will post 1.45 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 4th were issued a $0.1213 dividend. This represents a yield of 160.0%. The ex-dividend date of this dividend was Monday, May 4th. Adecoagro’s payout ratio is currently 1,200.00%.

Insiders Place Their Bets

In related news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. The trade was a 10.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 106,815 shares of company stock valued at $1,540,799 over the last three months. 6.70% of the stock is owned by insiders.

Institutional Trading of Adecoagro

Several hedge funds and other institutional investors have recently bought and sold shares of AGRO. Orion Porfolio Solutions LLC bought a new stake in Adecoagro in the fourth quarter valued at about $88,000. Quadrature Capital Ltd bought a new position in shares of Adecoagro during the fourth quarter valued at approximately $123,000. Virtu Financial LLC bought a new position in shares of Adecoagro during the fourth quarter valued at approximately $147,000. State of Wyoming grew its holdings in shares of Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after purchasing an additional 5,334 shares during the last quarter. Finally, Savant Capital LLC bought a new position in shares of Adecoagro during the fourth quarter valued at approximately $159,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Company Profile

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.