Adecoagro S.A. (NYSE:AGRO) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts rate Adecoagro “Reduce” overall: Two analysts recommend selling, four advise holding and one recommends buying. The average 12-month price target is $12.12.
• Recent coverage has turned more cautious, with JPMorgan assigning an “underweight” rating, Weiss Ratings downgrading the stock to “sell” and Citigroup cutting its rating from “buy” to “neutral.”
• AGRO shares opened at $9.45, below their 50-day and 200-day moving averages, while the company’s latest quarterly results included a $0.24 per-share loss that missed analysts’ expectations despite revenue exceeding estimates.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) has earned a consensus recommendation of "Reduce" from the seven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.1167.

A number of brokerages recently weighed in on AGRO. JPMorgan Chase & Co. upped their price target on shares of Adecoagro from $7.00 to $10.50 and gave the stock an "underweight" rating in a research report on Monday, June 15th. Weiss Ratings cut Adecoagro from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 14th. Finally, Citigroup downgraded Adecoagro from a "buy" rating to a "neutral" rating and upped their target price for the stock from $13.00 to $15.00 in a research report on Tuesday, April 14th.

Hedge Funds Weigh In On Adecoagro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC purchased a new stake in shares of Adecoagro during the fourth quarter valued at approximately $88,000. Quadrature Capital Ltd acquired a new position in shares of Adecoagro during the fourth quarter worth $123,000. Virtu Financial LLC acquired a new position in shares of Adecoagro during the fourth quarter worth $147,000. State of Wyoming boosted 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 valued at $157,000 after purchasing an additional 5,334 shares during the period. Finally, Savant Capital LLC purchased a new position in shares of Adecoagro in the fourth quarter valued at $159,000. Hedge funds and other institutional investors own 45.25% of the company's stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $9.45 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 472.89 and a beta of -0.04. Adecoagro has a one year low of $6.89 and a one year high of $15.89. The company has a 50 day moving average price of $10.26 and a 200 day moving average price of $11.19.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.49). The company had revenue of $419.44 million during the quarter, compared to analyst estimates of $408.94 million. Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. Sell-side analysts anticipate that Adecoagro will post 1.62 EPS for the current year.

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.

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