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

Adecoagro S.A. (NYSE:AGRO) has received an average rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.1167.

A number of brokerages have issued reports on AGRO. Citigroup lowered Adecoagro from a “buy” rating to a “neutral” rating and upped their target price for the company from $13.00 to $15.00 in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised 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, June 15th. Finally, Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th.

Institutional Investors Weigh In On Adecoagro

Hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $88,000. Quadrature Capital Ltd acquired a new position in Adecoagro in the fourth quarter worth about $123,000. Virtu Financial LLC bought a new stake in Adecoagro in the fourth quarter valued at about $147,000. State of Wyoming increased its holdings in Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after buying an additional 5,334 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in Adecoagro during the fourth quarter valued at approximately $159,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Up 1.0%

Shares of NYSE AGRO opened at $9.45 on Friday. 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 1 year low of $6.89 and a 1 year high of $15.89. The stock’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $11.19. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 472.89 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last issued its quarterly 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). Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. The business had revenue of $419.44 million during the quarter, compared to analysts’ expectations of $408.94 million. As a group, equities analysts anticipate that Adecoagro will post 1.62 earnings per share for the current fiscal year.

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.