Adecoagro S.A. (NYSE:AGRO) Receives Average Rating of “Strong Sell” from Analysts

by · The Markets Daily

Adecoagro S.A. (NYSE:AGRO – Get Free Report) has earned a consensus recommendation of “Strong Sell” from the five research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.8250.

Several research firms have issued reports on AGRO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Adecoagro in a research note on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. UBS Group reduced their target price on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Finally, Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd.

Check Out Our Latest Stock Analysis on AGRO

Adecoagro Stock Performance

Adecoagro stock opened at $7.95 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The company has a market capitalization of $795.72 million, a PE ratio of 34.57 and a beta of 0.43. The company has a 50 day moving average price of $7.93 and a 200-day moving average price of $8.40. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $11.78.

Adecoagro (NYSE:AGRO – Get Free Report) last released its quarterly earnings data on Monday, December 1st. The company reported $0.00 earnings per share for the quarter. The company had revenue of $304.21 million during the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. As a group, equities analysts forecast that Adecoagro will post 1.24 earnings per share for the current year.

Adecoagro Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 3rd were paid a $0.1749 dividend. The ex-dividend date was Monday, November 3rd. This represents a yield of 444.0%. Adecoagro’s dividend payout ratio (DPR) is 152.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP lifted its stake in shares of Adecoagro by 5.8% during the first quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock worth $300,000 after buying an additional 1,481 shares during the period. Russell Investments Group Ltd. increased its position in shares of Adecoagro by 1.7% in the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock valued at $1,216,000 after acquiring an additional 1,823 shares during the period. Ping Capital Management Inc. raised its stake in Adecoagro by 3.1% in the 3rd quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock worth $784,000 after acquiring an additional 3,000 shares during the last quarter. State of Wyoming raised its stake in Adecoagro by 17.8% in the 3rd quarter. State of Wyoming now owns 20,270 shares of the company’s stock worth $159,000 after acquiring an additional 3,067 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in Adecoagro by 22.7% during the 1st quarter. Vident Advisory LLC now owns 36,664 shares of the company’s stock worth $410,000 after acquiring an additional 6,773 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

(Get Free Report)

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.

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