Adecoagro (NYSE:AGRO) Announces Quarterly Earnings Results

Adecoagro (NYSE:AGRO) posted its quarterly earnings data on Monday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07), Zacks reports. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. The company had revenue of $415.94 million for the quarter, compared to analysts’ expectations of $371.95 million.

Adecoagro Trading Up 0.9%

NYSE AGRO opened at $10.92 on Tuesday. Adecoagro has a 1-year low of $6.89 and a 1-year high of $11.78. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $8.30. The firm has a market cap of $1.09 billion, a PE ratio of 47.46 and a beta of 0.44.

Hedge Funds Weigh In On Adecoagro

Large investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC purchased a new stake in Adecoagro during the 4th quarter valued at $88,000. Quadrature Capital Ltd purchased a new position in shares of Adecoagro in the fourth quarter valued at about $123,000. Virtu Financial LLC purchased a new position in shares of Adecoagro in the fourth quarter valued at about $147,000. State of Wyoming raised its stake in shares of Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares during the last quarter. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Adecoagro during the fourth quarter worth about $206,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGRO. Citigroup began coverage on Adecoagro in a research note on Monday, February 16th. They issued a “buy” rating on the stock. UBS Group reduced their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $9.50 to $13.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. began coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.20.

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.