Adecoagro S.A. (NYSE:AGRO) Receives $10.84 Consensus Price Target from Brokerages

Shares of Adecoagro S.A. (NYSE:AGRO) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.84.

A number of research firms have issued reports on AGRO. Truist Financial set a $9.00 price objective on shares of Adecoagro in a report on Friday, January 9th. Zacks Research downgraded shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. 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 report on Monday, March 30th. Finally, Citigroup started coverage on shares of Adecoagro in a report on Monday, February 16th. They set a “buy” rating on the stock.

Adecoagro Price Performance

AGRO opened at $14.97 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -187.10, a P/E/G ratio of 0.31 and a beta of 0.08. The firm’s fifty day moving average price is $10.88 and its two-hundred day moving average price is $9.01. Adecoagro has a 1 year low of $6.89 and a 1 year high of $15.89.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $432.91 million for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. As a group, analysts anticipate that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Adecoagro

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC purchased a new position in shares of Adecoagro in the 4th quarter worth about $88,000. Quadrature Capital Ltd purchased a new position in shares of Adecoagro in the 4th quarter worth about $123,000. Jeppson Wealth Management LLC purchased a new position in shares of Adecoagro in the 3rd quarter worth about $124,000. State of Wyoming boosted its holdings in shares of Adecoagro by 44.9% in the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Adecoagro in the 4th quarter worth about $147,000. 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.