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Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Lowered to Market Perform Rating by Itau BBA Securities

Brasilagro Cia Brasileira De Propriedades Agricolas logo with Consumer Staples background

Key Points

  • Brasilagro Cia Brasileira De Propriedades Agricolas has been downgraded from an "outperform" rating to a "market perform" rating by Itau BBA Securities.
  • Shares of Brasilagro opened at $3.87, down by 1.6%, with a one-year trading range between $3.49 and $4.75.
  • The company's recent quarterly earnings report showed an EPS of $0.11 and revenue of $60.14 million.
  • Five stocks we like better than Brasilagro Cia Brasileira De Propriedades Agricolas.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) was downgraded by equities research analysts at Itau BBA Securities from an "outperform" rating to a "market perform" rating in a report issued on Thursday,Finviz reports.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 1.6%

Shares of NYSE LND opened at $3.87 on Thursday. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.49 and a one year high of $4.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.94. The firm's 50 day simple moving average is $3.82 and its two-hundred day simple moving average is $3.81. The stock has a market capitalization of $397.27 million, a P/E ratio of 7.44 and a beta of 0.50.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.11 EPS for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a net margin of 11.99% and a return on equity of 6.47%. The business had revenue of $60.14 million for the quarter.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors have recently made changes to their positions in LND. EverSource Wealth Advisors LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter valued at approximately $37,000. Evelyn Partners Investment Management LLP boosted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% during the second quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock valued at $71,000 after purchasing an additional 16,435 shares during the period. SBI Securities Co. Ltd. lifted its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock worth $141,000 after acquiring an additional 14,651 shares during the period. Citadel Advisors LLC lifted its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% in the fourth quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock worth $173,000 after acquiring an additional 21,419 shares during the period. Finally, Northern Trust Corp purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth $499,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

(Get Free Report)

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.

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