Adecoagro S.A. (NYSE:AGRO) Stock Rated “Reduce” by Sell-Side Analysts

by · The Markets Daily

Adecoagro S.A. (NYSE:AGRO – Get Free Report) has received a consensus rating of “Reduce” from the eight analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.62.

Several research firms recently weighed in on AGRO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a research report on Monday, October 12th. Santander assumed coverage on shares of Adecoagro in a report on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, UBS Group decreased their target price 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.

Read Our Latest Analysis on AGRO

Adecoagro Price Performance

NYSE:AGRO opened at $9.47 on Thursday. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89. 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 firm’s 50-day simple moving average is $10.77 and its 200 day simple moving average is $11.31. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 28.70 and a beta of -0.02.

Adecoagro (NYSE:AGRO – Get Free Report) last issued its quarterly earnings results on Saturday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). The company had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. As a group, sell-side analysts predict that Adecoagro will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Adecoagro

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Adecoagro by 57.9% in 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. Hsbc Holdings PLC acquired a new stake in shares of Adecoagro during the second quarter valued at about $162,000. HighTower Advisors LLC acquired a new stake in shares of Adecoagro during the second quarter valued at about $168,000. Bank of America Corp DE acquired a new position in shares of Adecoagro in the second quarter valued at approximately $187,000. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Adecoagro in the third quarter valued at approximately $248,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Company Profile

(Get Free Report)

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.

Recommended Stories