Adecoagro S.A. (AGRO) – What Are Investment Firms Thinking About This Stock?

Adecoagro S.A. (NYSE:AGRO) has been assigned an average recommendation of “Reduce” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.62.

A number of research firms recently issued reports on AGRO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research report on Monday, October 12th. Santander began coverage on shares of Adecoagro in a report on Monday, September 14th. They issued a “neutral” rating for the company. Finally, UBS Group reduced their price target on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a report on Thursday, August 27th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Comprehensive Money Management Services LLC lifted its position in Adecoagro by 5.0% in the 1st quarter. Comprehensive Money Management Services LLC now owns 73,733 shares of the company’s stock valued at $1,107,000 after acquiring an additional 3,495 shares in the last quarter. Van ECK Associates Corp increased its holdings in Adecoagro by 57.9% during the 2nd quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock worth $123,000 after purchasing an additional 4,723 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Adecoagro by 4.4% during the 1st quarter. Lazard Asset Management LLC now owns 197,265 shares of the company’s stock worth $2,963,000 after purchasing an additional 8,341 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Adecoagro during the 2nd quarter worth approximately $162,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Adecoagro in the second quarter worth approximately $168,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Price Performance

Shares of AGRO opened at $9.47 on Thursday. Adecoagro has a 1 year low of $6.89 and a 1 year high of $15.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.70 and a beta of -0.02. The business has a 50-day moving average of $10.77 and a 200-day moving average of $11.31.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Saturday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. The firm had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. As a group, equities research analysts anticipate that Adecoagro will post 1.42 earnings per share for the current year.

About Adecoagro

Adecoagro SA is an agricultural and agroindustrial company focused on producing, processing and marketing food, agricultural commodities and renewable energy products in South America. The company operates an integrated business model that combines farming, livestock activities and industrial processing.

Adecoagro’s activities include the cultivation of grains, oilseeds, rice, sugarcane and other crops, as well as dairy production. Its processing operations produce products such as rice, sugar and ethanol, while sugarcane-based facilities also generate electricity through cogeneration.