Adecoagro S.A. (NYSE:AGRO) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Shares of Adecoagro S.A. (NYSE:AGRO) have received an average recommendation of “Strong Sell” from the five analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $8.95.

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 3rd. Wall Street Zen cut shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Adecoagro in a report on Monday. They set an “underweight” rating and a $7.00 price objective for the company.

Adecoagro Price Performance

NYSE:AGRO opened at $8.70 on Monday. Adecoagro has a 52-week low of $7.42 and a 52-week high of $11.78. The stock has a fifty day moving average of $7.89 and a 200 day moving average of $8.62. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The firm has a market capitalization of $869.71 million, a price-to-earnings ratio of 37.82 and a beta of 0.44.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.20. The firm had revenue of $304.21 million for the quarter, compared to analysts’ expectations of $377.18 million. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. On average, research analysts expect that Adecoagro will post 1.24 EPS for the current fiscal year.

Adecoagro Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.1749 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a yield of 444.0%. Adecoagro’s payout ratio is 152.17%.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently modified their holdings of AGRO. Jeppson Wealth Management LLC purchased a new position in shares of Adecoagro during the 3rd quarter valued at about $124,000. State of Wyoming purchased a new stake in Adecoagro in the first quarter worth approximately $133,000. R Squared Ltd grew its position in Adecoagro by 103.0% during the first quarter. R Squared Ltd now owns 15,128 shares of the company’s stock valued at $169,000 after acquiring an additional 7,676 shares during the last quarter. Vise Technologies Inc. bought a new position in Adecoagro during the second quarter valued at approximately $277,000. Finally, Magnetar Financial LLC raised its stake in shares of Adecoagro by 105.9% during the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock worth $289,000 after acquiring an additional 16,260 shares in the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.