Adecoagro (NYSE:AGRO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a sell rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Adecoagro S.A. operates as an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. The Company is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation. Adecoagro S.A. is based in Luxembourg. “

A number of other equities research analysts have also recently issued reports on AGRO. Morgan Stanley upgraded Adecoagro from an equal weight rating to an overweight rating in a research note on Monday, October 18th. TheStreet upgraded Adecoagro from a c+ rating to a b- rating in a research note on Wednesday, December 1st.

Adecoagro stock opened at $7.53 on Tuesday. The company has a market cap of $882.83 million, a PE ratio of 7.31 and a beta of 1.27. The company has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $8.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.01 and a quick ratio of 0.94. Adecoagro has a 12 month low of $6.78 and a 12 month high of $11.77.

Adecoagro (NYSE:AGRO) last posted its earnings results on Wednesday, November 10th. The company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $325.62 million for the quarter. Adecoagro had a return on equity of 13.32% and a net margin of 11.63%. Equities research analysts anticipate that Adecoagro will post 1.12 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado bought a new stake in shares of Adecoagro during the second quarter valued at about $49,000. Lazard Asset Management LLC bought a new stake in shares of Adecoagro during the second quarter valued at about $71,000. Macquarie Group Ltd. bought a new stake in shares of Adecoagro during the third quarter valued at about $71,000. Teacher Retirement System of Texas bought a new stake in shares of Adecoagro during the second quarter valued at about $109,000. Finally, Ensign Peak Advisors Inc bought a new stake in shares of Adecoagro during the second quarter valued at about $124,000. Institutional investors and hedge funds own 58.69% of the company’s stock.

About Adecoagro

Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy; and Land Transformation. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.

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