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

Adecoagro S.A. (NYSE:AGRO) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.1167.

Several research analysts recently issued reports on AGRO shares. JPMorgan Chase & Co. raised their target price on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday. Morgan Stanley raised shares of Adecoagro from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Wall Street Zen raised shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research cut shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th.

Adecoagro Trading Down 4.4%

NYSE AGRO opened at $9.22 on Friday. The company has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $10.72. The stock has a market cap of $1.31 billion, a P/E ratio of 460.98 and a beta of -0.08. Adecoagro has a 12-month low of $6.89 and a 12-month high of $15.89. The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%.The company had revenue of $419.45 million during the quarter, compared to analysts’ expectations of $408.94 million. On average, analysts forecast that Adecoagro will post 1.73 earnings per share for the current year.

Adecoagro Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC purchased a new position in Adecoagro in the fourth quarter valued at $88,000. Quadrature Capital Ltd purchased a new stake in shares of Adecoagro during the fourth quarter worth about $123,000. Virtu Financial LLC purchased a new stake in shares of Adecoagro during the fourth quarter worth about $147,000. State of Wyoming increased its stake in shares of Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after purchasing an additional 5,334 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Adecoagro during the fourth quarter worth about $159,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

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.