Zacks Investment Research Lowers Adecoagro (NYSE:AGRO) to Hold

Adecoagro (NYSE:AGRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Adecoagro S.A. operates as an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. The Company is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation. Adecoagro S.A. is based in Luxembourg. “

Other equities analysts also recently issued reports about the company. TheStreet upgraded Adecoagro from a “c” rating to a “b-” rating in a research note on Thursday, April 15th. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating in a report on Monday, March 29th.

Adecoagro stock traded up $0.32 during trading hours on Monday, reaching $10.40. The stock had a trading volume of 81,699 shares, compared to its average volume of 537,285. The stock has a market cap of $1.22 billion, a PE ratio of -32.41 and a beta of 1.21. Adecoagro has a 52 week low of $3.54 and a 52 week high of $10.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.76 and a quick ratio of 1.03. The company has a fifty day simple moving average of $8.75 and a 200-day simple moving average of $7.47.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Thursday, March 11th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $233.38 million for the quarter. Adecoagro had a positive return on equity of 10.33% and a negative net margin of 4.53%. Research analysts predict that Adecoagro will post -0.17 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of AGRO. O Shaughnessy Asset Management LLC purchased a new stake in Adecoagro in the 1st quarter worth about $56,000. UBS Group AG bought a new position in Adecoagro in the first quarter worth approximately $88,000. Geode Capital Management LLC increased its holdings in Adecoagro by 34.6% during the 1st quarter. Geode Capital Management LLC now owns 26,941 shares of the company’s stock worth $211,000 after purchasing an additional 6,918 shares during the period. Barclays PLC bought a new stake in Adecoagro during the 1st quarter valued at $217,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Adecoagro by 16.6% in the 4th quarter. Engineers Gate Manager LP now owns 33,082 shares of the company’s stock worth $225,000 after buying an additional 4,718 shares during the period. Institutional investors own 53.55% of the company’s stock.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as in sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanut, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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