Adecoagro S.A. (NYSE:AGRO) Given Consensus Recommendation of “Reduce” by Analysts

Adecoagro S.A. (NYSE:AGRO) has been assigned an average rating of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.6167.

AGRO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research note on Monday, June 15th. Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. Finally, UBS Group decreased their target price on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a report on Thursday, August 27th.

Adecoagro Stock Performance

Shares of NYSE AGRO opened at $11.98 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.30 and a beta of -0.04. The stock’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $11.39. Adecoagro has a 52-week low of $6.89 and a 52-week high of $15.89.

Adecoagro (NYSE:AGRO) last announced its earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The company had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. As a group, sell-side analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Adecoagro by 48.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after purchasing an additional 28,275 shares during the period. Jane Street Group LLC lifted its holdings in shares of Adecoagro by 20.5% in the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after purchasing an additional 32,169 shares in the last quarter. Invesco Ltd. boosted its position in shares of Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after buying an additional 212,685 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Adecoagro by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after buying an additional 90,518 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of Adecoagro by 115.7% during the second quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock valued at $1,754,000 after buying an additional 102,955 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

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.