Adecoagro (NYSE:AGRO) Issues Earnings Results

Adecoagro (NYSE:AGRO) issued its earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07), Zacks reports. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The business had revenue of $415.94 million during the quarter, compared to the consensus estimate of $371.95 million.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $10.92 on Tuesday. 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 twelve month low of $6.89 and a twelve month high of $11.78. The stock’s 50 day moving average is $8.98 and its 200-day moving average is $8.30. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 47.46 and a beta of 0.44.

Institutional Trading of Adecoagro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC lifted its stake in shares of Adecoagro by 17.0% in the fourth quarter. Verition Fund Management LLC now owns 97,741 shares of the company’s stock valued at $775,000 after buying an additional 14,224 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Adecoagro by 134.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company’s stock worth $699,000 after acquiring an additional 50,464 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Adecoagro by 413.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 81,852 shares of the company’s stock worth $642,000 after acquiring an additional 65,900 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Adecoagro by 38.6% in the 3rd quarter. Squarepoint Ops LLC now owns 78,322 shares of the company’s stock worth $614,000 after acquiring an additional 21,794 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Adecoagro in the 4th quarter valued at about $479,000. Institutional investors own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. began coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $9.50 to $13.00 in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Adecoagro presently has an average rating of “Hold” and a consensus target price of $9.20.

Adecoagro Company Profile

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.