Adecoagro S.A. (NYSE:AGRO) Receives Average Rating of “Reduce” from Brokerages

Adecoagro S.A. (NYSE:AGRO) has received an average rating of “Reduce” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.62.

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

Adecoagro Price Performance

Shares of Adecoagro stock opened at $9.94 on Friday. The company has a market cap of $1.42 billion, a PE ratio of 30.13 and a beta of -0.02. The business has a 50 day moving average of $10.63 and a 200 day moving average of $11.69. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84.

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). The firm had revenue of $538.50 million for the quarter, compared to the consensus estimate of $602.01 million. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. As a group, equities research analysts forecast that Adecoagro will post 1.42 earnings per share for the current year.

Institutional Trading of Adecoagro

A number of large investors have recently made changes to their positions in AGRO. Van ECK Associates Corp raised its position in Adecoagro by 57.9% in the second quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock worth $123,000 after acquiring an additional 4,723 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Adecoagro in the second quarter worth $162,000. HighTower Advisors LLC bought a new position in shares of Adecoagro during the second quarter worth $168,000. Bank of America Corp DE purchased a new position in Adecoagro during the second quarter valued at $187,000. Finally, Savant Capital LLC purchased a new position in Adecoagro during the fourth quarter valued at $159,000. 45.25% of the stock is currently owned by institutional investors.

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.