Adecoagro S.A. (NYSE:AGRO) Given Consensus Rating of “Reduce” by Analysts

Adecoagro S.A. (NYSE:AGROGet Free Report) has been given an average recommendation of “Reduce” by the seven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.6167.

AGRO has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, June 15th. UBS Group reduced their price objective on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research note on Thursday, August 27th. Finally, Weiss Ratings cut shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 14th.

Get Our Latest Research Report on AGRO

Hedge Funds Weigh In On Adecoagro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi increased its holdings in shares of Adecoagro by 718.5% in the 2nd quarter. Amundi now owns 782,432 shares of the company’s stock worth $7,472,000 after purchasing an additional 686,835 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Adecoagro during the fourth quarter valued at $2,987,000. Decker Retirement Planning Inc. purchased a new stake in shares of Adecoagro during the first quarter valued at $4,629,000. PDT Partners LLC bought a new stake in Adecoagro in the 2nd quarter worth about $2,465,000. Finally, PenderFund Capital Management Ltd. bought a new stake in Adecoagro in the 2nd quarter worth about $2,388,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $12.25 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.75 billion, a P/E ratio of 37.13 and a beta of -0.01. The business has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $11.50. Adecoagro has a 12 month low of $6.89 and a 12 month high of $15.89.

Adecoagro (NYSE:AGROGet 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 the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The business had revenue of $538.50 million during the quarter, compared to the consensus estimate of $602.01 million. On average, equities analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

About Adecoagro

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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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Analyst Recommendations for Adecoagro (NYSE:AGRO)

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