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

Key Points

• Adecoagro received an average “Reduce” rating from seven analysts: two sell, four hold and one buy. The average 12-month price target is $11.62.
• AGRO shares opened at $11.98, up 5.3%, but the company’s latest quarterly results missed expectations, with EPS of $0.13 versus the $0.54 consensus and revenue of $538.5 million versus $602.0 million expected.
• Institutional investors and hedge funds own approximately 45.25% of Adecoagro’s shares, with several funds recently initiating or increasing positions.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.6167.

A number of equities analysts have issued reports on AGRO shares. JPMorgan Chase & Co. increased their price target on Adecoagro from $7.00 to $10.50 and gave the company an "underweight" rating in a research note on Monday, June 15th. Weiss Ratings downgraded Adecoagro from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 14th. Finally, UBS Group cut their price objective on Adecoagro from $15.20 to $13.20 and set a "buy" rating for the company in a report on Thursday, August 27th.

Adecoagro Stock Up 5.3%

AGRO stock opened at $11.98 on Wednesday. The firm's 50-day moving average is $10.07 and its two-hundred day moving average is $11.39. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.30 and a beta of -0.04. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The company had revenue of $538.50 million during the quarter, compared to the consensus estimate of $602.01 million. On average, analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently bought and sold shares of AGRO. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro during the 4th quarter valued at about $88,000. Van ECK Associates Corp raised its holdings in shares of Adecoagro by 57.9% in the 2nd quarter. Van ECK Associates Corp now owns 12,882 shares of the company's stock worth $123,000 after purchasing an additional 4,723 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Adecoagro during the fourth quarter valued at approximately $123,000. Virtu Financial LLC acquired a new stake in Adecoagro during the fourth quarter valued at approximately $147,000. Finally, State of Wyoming boosted its holdings in Adecoagro by 44.9% during 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 in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

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.

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