Adecoagro S.A. (NYSE:AGRO) Given Average Recommendation of "Hold" by Brokerages

Shares of Adecoagro S.A. (NYSE:AGRO - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.56.

AGRO has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $10.50 target price (down from $11.50) on shares of Adecoagro in a report on Friday, December 8th. Bank of America raised shares of Adecoagro from a "neutral" rating to a "buy" rating and increased their target price for the company from $12.50 to $14.00 in a report on Tuesday, December 5th. Finally, StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Wednesday.

Hedge Funds Weigh In On Adecoagro

Large investors have recently bought and sold shares of the stock. Jennison Associates LLC raised its stake in shares of Adecoagro by 5.0% in the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company's stock valued at $59,622,000 after acquiring an additional 255,684 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Adecoagro by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,943,599 shares of the company's stock valued at $34,411,000 after acquiring an additional 25,700 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Adecoagro in the 2nd quarter valued at $13,015,000. Helikon Investments Ltd raised its stake in shares of Adecoagro by 12.4% in the 4th quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company's stock valued at $14,344,000 after acquiring an additional 142,595 shares during the period. Finally, abrdn plc raised its stake in shares of Adecoagro by 15.6% in the 3rd quarter. abrdn plc now owns 1,005,939 shares of the company's stock valued at $11,759,000 after acquiring an additional 135,990 shares during the period. Hedge funds and other institutional investors own 45.25% of the company's stock.

Adecoagro Stock Up 0.3 %

Shares of AGRO stock traded up $0.03 on Wednesday, reaching $11.04. 515,212 shares of the stock were exchanged, compared to its average volume of 499,999. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The business's 50 day moving average price is $10.25 and its 200 day moving average price is $10.72. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.23 and a beta of 1.12. Adecoagro has a twelve month low of $7.82 and a twelve month high of $12.51.

Adecoagro (NYSE:AGRO - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The company had revenue of $263.95 million during the quarter. As a group, sell-side analysts expect that Adecoagro will post 1.37 earnings per share for the current fiscal year.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.

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