Adecoagro S.A. (NYSE:AGRO) Receives Average Recommendation of “Reduce” from Analysts

Adecoagro S.A. (NYSE:AGRO) has been assigned an average recommendation of “Reduce” from the seven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.5333.

Several research analysts have commented on AGRO shares. Weiss Ratings lowered shares of Adecoagro from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. 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 raised shares of Adecoagro from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $9.50 to $13.00 in a research note on Tuesday, March 17th. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $8.00 to $16.20 in a research note on Monday, March 30th. Finally, Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research note on Tuesday, April 14th.

Adecoagro Trading Up 0.0%

AGRO stock opened at $12.14 on Monday. The firm has a fifty day moving average price of $13.70 and a 200 day moving average price of $10.39. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. The firm has a market cap of $1.73 billion, a PE ratio of 607.10 and a beta of -0.08.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. The business had revenue of $419.45 million during the quarter, compared to analysts’ expectations of $408.94 million. Sell-side analysts anticipate that Adecoagro will post 1.45 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th were paid a dividend of $0.1213 per share. This represents a dividend yield of 160.0%. The ex-dividend date of this dividend was Monday, May 4th. Adecoagro’s payout ratio is currently 1,200.00%.

Insider Activity

In other news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. The trade was a 10.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 106,815 shares of company stock worth $1,540,799 over the last ninety days.

Institutional Trading of Adecoagro

A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares during the period. Ghisallo Capital Management LLC purchased a new stake in shares of Adecoagro during the fourth quarter valued at $2,987,000. Ameriprise Financial Inc. boosted its stake in shares of Adecoagro by 32.3% during the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after purchasing an additional 90,518 shares during the period. HRT Financial LP boosted its stake in shares of Adecoagro by 13.4% during the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock valued at $2,480,000 after purchasing an additional 36,857 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Adecoagro during the first quarter valued at $4,629,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

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.