Adecoagro (NYSE:AGRO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

Several other brokerages also recently weighed in on AGRO. ValuEngine downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research report on Friday, May 15th. TheStreet cut shares of Adecoagro from a “c-” rating to a “d+” rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $6.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.50.

NYSE:AGRO opened at $4.34 on Monday. Adecoagro has a 1 year low of $3.31 and a 1 year high of $8.70. The stock has a market cap of $505.81 million, a P/E ratio of -9.64 and a beta of 1.13. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.98 and a current ratio of 1.57. The stock has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $5.84.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, May 14th. The company reported $0.38 earnings per share for the quarter. The firm had revenue of $156.13 million during the quarter. Adecoagro had a positive return on equity of 7.15% and a negative net margin of 6.16%. On average, equities research analysts predict that Adecoagro will post 0.16 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC acquired a new stake in Adecoagro during the 1st quarter worth approximately $35,000. Aigen Investment Management LP purchased a new position in Adecoagro in the 1st quarter valued at $49,000. Paloma Partners Management Co acquired a new position in Adecoagro in the 1st quarter valued at $50,000. Holistic Financial Partners acquired a new position in Adecoagro in the 1st quarter valued at $88,000. Finally, Goldman Sachs Group Inc. purchased a new position in Adecoagro during the 4th quarter worth $97,000. 51.73% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, 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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