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

Shares of Adecoagro S.A. (NYSE:AGRO) have received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.1167.

Several research analysts have recently weighed in on AGRO shares. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. JPMorgan Chase & Co. boosted their price objective on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.00 to $16.20 in a research report on Monday, March 30th. Weiss Ratings upgraded Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $9.50 to $13.00 in a research report on Tuesday, March 17th.

Adecoagro Stock Up 1.0%

NYSE AGRO opened at $10.41 on Tuesday. The stock has a market cap of $1.48 billion, a PE ratio of 521.01 and a beta of -0.04. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The business has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $10.94. The company has a quick ratio of 0.86, a current ratio of 1.74 and a debt-to-equity ratio of 0.80.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The firm had revenue of $419.44 million for the quarter, compared to analysts’ expectations of $408.94 million. Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. As a group, sell-side analysts predict that Adecoagro will post 1.73 EPS for the current fiscal year.

Adecoagro Announces Dividend

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

Institutional Investors Weigh In On Adecoagro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC acquired a new position in shares of Adecoagro in the 4th quarter valued at approximately $88,000. Quadrature Capital Ltd acquired a new stake in shares of Adecoagro during the fourth quarter worth approximately $123,000. Virtu Financial LLC acquired a new stake in shares of Adecoagro during the fourth quarter worth approximately $147,000. State of Wyoming increased its stake in shares of Adecoagro by 44.9% in the second 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, Savant Capital LLC bought a new stake in shares of Adecoagro in the fourth quarter worth $159,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Company Profile

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.