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

Shares of Adecoagro S.A. (NYSE:AGRO) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.1167.

A number of research firms have recently commented on AGRO. Wall Street Zen raised shares of Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. boosted their price target on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research report on Monday. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th.

Adecoagro Stock Down 4.4%

AGRO stock opened at $9.22 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 460.98 and a beta of -0.08. The firm has a 50-day simple moving average of $12.77 and a 200-day simple moving average of $10.72. The company has a quick ratio of 0.86, a current ratio of 1.74 and a debt-to-equity ratio of 0.80. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89.

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

Adecoagro Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 4th were given a dividend of $0.1213 per share. The ex-dividend date was Monday, May 4th. This represents a yield of 160.0%. Adecoagro’s payout ratio is presently 1,200.00%.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently bought and sold shares of AGRO. Ghisallo Capital Management LLC acquired a new position in Adecoagro during the fourth quarter worth about $2,987,000. Decker Retirement Planning Inc. acquired a new position in Adecoagro in the 1st quarter valued at about $4,629,000. PenderFund Capital Management Ltd. acquired a new position in Adecoagro in the 3rd quarter valued at about $1,960,000. Invesco Ltd. boosted its holdings in Adecoagro by 86.5% in the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new position in Adecoagro in the 4th quarter valued at about $1,586,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

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.