Adecoagro S.A. (NYSE:AGRO) Stock Now Rated “Reduce” by Wall Street Analysts

Adecoagro S.A. (NYSE:AGRO) has been given an average recommendation of “Reduce” by the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $11.62.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. UBS Group lowered their price objective on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a report on Thursday, August 27th. Santander started coverage on shares of Adecoagro in a research report on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th.

Institutional Trading of Adecoagro

A number of hedge funds and other institutional investors have recently modified their holdings of AGRO. Amundi grew its stake in Adecoagro by 718.5% in the second quarter. Amundi now owns 782,432 shares of the company’s stock valued at $7,472,000 after purchasing an additional 686,835 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Adecoagro during the 1st quarter worth approximately $4,629,000. PDT Partners LLC bought a new position in shares of Adecoagro during the 2nd quarter worth approximately $2,465,000. PenderFund Capital Management Ltd. acquired a new position in shares of Adecoagro during the 2nd quarter worth approximately $2,388,000. Finally, BlackRock Inc. acquired a new position in shares of Adecoagro during the 2nd quarter worth approximately $1,990,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Up 2.1%

Shares of NYSE:AGRO opened at $10.13 on Friday. The company has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $11.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.73. The company has a market capitalization of $1.44 billion, a PE ratio of 30.71 and a beta of -0.02. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89.

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

About Adecoagro

Adecoagro SA is an agribusiness company focused on the production, processing and marketing of agricultural and renewable energy products in South America. The company operates primarily in Argentina, Brazil and Uruguay, where it manages farmland and related processing facilities.

Its activities include the cultivation of grains, oilseeds, rice and other crops, as well as dairy farming. Adecoagro also produces sugar and ethanol from sugarcane and generates renewable energy, including electricity associated with its agricultural and industrial operations.