Wall Street Zen Upgrades Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) to Hold

Key Points

• Wall Street Zen upgraded BrasilAgro to “Hold,” but Weiss Ratings lowered its rating to “Sell (D).” MarketBeat reports a consensus “Sell” rating from the one analyst covering the stock.
• LND shares opened at $3.77, with a market capitalization of approximately $387 million and a 12-month trading range of $3.37 to $4.45. The company reported a quarterly loss of $0.03 per share on $55.92 million in revenue.
• Director Alejandro Elsztain bought 11,750 shares for about $43,828, while insiders collectively purchased 41,750 shares over the past 90 days. Institutional ownership remains limited at 1.15%.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas presently has a consensus rating of "Sell".

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of LND stock opened at $3.77 on Friday. The company's fifty day moving average price is $3.65 and its 200-day moving average price is $3.76. The stock has a market cap of $387.10 million, a PE ratio of -22.18 and a beta of 0.07. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.37 and a 12 month high of $4.45.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last issued its quarterly earnings results on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The business had revenue of $55.92 million for the quarter.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Elsztain purchased 11,750 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction that occurred on Monday, October 5th. The stock was bought at an average price of $3.73 per share, with a total value of $43,827.50. Following the completion of the transaction, the director directly owned 727,120 shares of the company's stock, valued at approximately $2,712,157.60. The trade was a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 41,750 shares of company stock worth $148,228 in the last 90 days. Corporate insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. SmartHarvest Portfolios LLC lifted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Free Report) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,768 shares of the company's stock after buying an additional 2,691 shares during the period. SmartHarvest Portfolios LLC's holdings in Brasilagro Cia Brasileira De Propriedades Agricolas were worth $92,000 at the end of the most recent reporting period. Institutional investors own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.

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