Adecoagro (NYSE:AGRO) Downgraded by Wall Street Zen to Sell

Adecoagro (NYSE:AGRO) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

A number of other research firms also recently commented on AGRO. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. UBS Group dropped their price target on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average price target of $9.60.

Adecoagro Stock Down 3.1%

Adecoagro stock opened at $7.64 on Friday. Adecoagro has a 52 week low of $7.42 and a 52 week high of $11.78. The stock has a market cap of $763.42 million, a price-to-earnings ratio of 33.20 and a beta of 0.62. The company’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.65. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Tuesday, November 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.20. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. The business had revenue of $304.21 million during the quarter, compared to analysts’ expectations of $377.18 million. On average, analysts expect that Adecoagro will post 1.24 EPS for the current fiscal year.

Institutional Trading of Adecoagro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Carrera Capital Advisors boosted its holdings in shares of Adecoagro by 15.2% in the first quarter. Carrera Capital Advisors now owns 108,303 shares of the company’s stock worth $1,210,000 after buying an additional 14,268 shares during the period. XTX Topco Ltd acquired a new stake in shares of Adecoagro during the first quarter valued at approximately $320,000. R Squared Ltd lifted its position in shares of Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company’s stock valued at $169,000 after acquiring an additional 7,676 shares in the last quarter. Helikon Investments Ltd boosted its stake in Adecoagro by 72.5% in the 1st quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company’s stock worth $134,456,000 after purchasing an additional 5,060,347 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Adecoagro by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,823 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

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.