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

Shares of Adecoagro S.A. (NYSE:AGRO) have been assigned a consensus recommendation of “Strong Sell” from the five ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.8250.

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

Adecoagro Price Performance

NYSE:AGRO opened at $7.93 on Friday. The stock has a market cap of $793.21 million, a PE ratio of 34.46 and a beta of 0.44. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. Adecoagro has a 52 week low of $6.89 and a 52 week high of $11.78. The business’s 50-day simple moving average is $7.92 and its two-hundred day simple moving average is $8.41.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data 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 business had revenue of $304.21 million during the quarter. As a group, analysts forecast that Adecoagro will post 1.24 EPS for the current fiscal year.

Adecoagro Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 3rd were issued a $0.1749 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a dividend yield of 444.0%. Adecoagro’s dividend payout ratio (DPR) is presently 152.17%.

Institutional Investors Weigh In On Adecoagro

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP increased its position in shares of Adecoagro by 5.8% during the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock valued at $300,000 after purchasing an additional 1,481 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Adecoagro by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock worth $1,216,000 after buying an additional 1,823 shares during the last quarter. Ping Capital Management Inc. boosted its stake in Adecoagro by 3.1% during the third quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock worth $784,000 after buying an additional 3,000 shares during the period. State of Wyoming boosted its stake in shares of Adecoagro by 17.8% during the 3rd quarter. State of Wyoming now owns 20,270 shares of the company’s stock worth $159,000 after purchasing an additional 3,067 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of Adecoagro by 22.7% during the first quarter. Vident Advisory LLC now owns 36,664 shares of the company’s stock valued at $410,000 after buying an additional 6,773 shares during the last quarter. 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.