Adecoagro (NYSE:AGRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Adecoagro (NYSE:AGRO) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other research analysts have also recently issued reports on AGRO. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. UBS Group decreased their target price on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $9.60.

Adecoagro Price Performance

NYSE AGRO opened at $7.66 on Friday. The company has a 50-day moving average price of $7.91 and a two-hundred day moving average price of $8.67. Adecoagro has a 52 week low of $7.42 and a 52 week high of $11.78. The stock has a market cap of $765.42 million, a price-to-earnings ratio of 33.28 and a beta of 0.62. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.20. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The company had revenue of $304.21 million for the quarter, compared to analysts’ expectations of $377.18 million. Analysts forecast that Adecoagro will post 1.24 EPS for the current year.

Adecoagro Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 3rd will be issued a dividend of $0.1749 per share. This represents a yield of 444.0%. The ex-dividend date of this dividend is Monday, November 3rd. Adecoagro’s payout ratio is presently 152.17%.

Hedge Funds Weigh In On Adecoagro

Several hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC boosted its holdings in Adecoagro by 26.7% during the third quarter. Verition Fund Management LLC now owns 83,517 shares of the company’s stock worth $655,000 after buying an additional 17,617 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new stake in shares of Adecoagro during the 3rd quarter valued at $1,960,000. Citadel Advisors LLC lifted its position in shares of Adecoagro by 335.1% during the 3rd quarter. Citadel Advisors LLC now owns 237,170 shares of the company’s stock valued at $1,859,000 after acquiring an additional 182,655 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of Adecoagro during the 3rd quarter worth $1,082,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Adecoagro by 413.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 81,852 shares of the company’s stock worth $642,000 after acquiring an additional 65,900 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.