Adecoagro S.A. (NYSE:AGRO) Receives $8.50 Average Target Price from Analysts

Shares of Adecoagro S.A. (NYSE:AGRO) have received a consensus recommendation of “Strong Sell” from the five analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.50.

Several research firms have weighed in on AGRO. Truist Financial set a $9.00 target price on Adecoagro in a research note on Friday, January 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Finally, UBS Group lowered their target price on Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently added to or reduced their stakes in the stock. Comprehensive Money Management Services LLC lifted its stake in Adecoagro by 62.5% in the 4th quarter. Comprehensive Money Management Services LLC now owns 70,238 shares of the company’s stock valued at $557,000 after purchasing an additional 27,027 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Adecoagro during the third quarter worth $295,000. Cantor Fitzgerald L. P. bought a new position in shares of Adecoagro in the 3rd quarter valued at $1,082,000. Verition Fund Management LLC boosted its holdings in shares of Adecoagro by 26.7% during the 3rd quarter. Verition Fund Management LLC now owns 83,517 shares of the company’s stock valued at $655,000 after acquiring an additional 17,617 shares in the last quarter. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Adecoagro during the 3rd quarter valued at $1,960,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Price Performance

AGRO stock opened at $8.93 on Tuesday. The company’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $8.29. The firm has a market cap of $893.80 million, a P/E ratio of 38.83 and a beta of 0.43. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. Adecoagro has a 12 month low of $6.89 and a 12 month high of $11.78.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results 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%. On average, analysts anticipate that Adecoagro will post 1.24 earnings per share for the current fiscal year.

About Adecoagro

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.