Adecoagro (NYSE:AGRO) Given New $8.00 Price Target at UBS Group

Adecoagro (NYSE:AGRO) had its price objective decreased by UBS Group from $8.50 to $8.00 in a report published on Tuesday, Marketbeat.com reports. UBS Group currently has a neutral rating on the stock.

AGRO has been the subject of several other research reports. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. JPMorgan Chase & Co. started coverage on shares of Adecoagro in a report on Monday. They issued an “underweight” rating and a $7.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average price target of $8.83.

Adecoagro Stock Up 0.8%

Shares of NYSE:AGRO opened at $8.09 on Tuesday. The business’s 50 day moving average is $7.88 and its 200 day moving average is $8.61. Adecoagro has a 12-month low of $7.42 and a 12-month high of $11.78. The stock has a market cap of $808.72 million, a price-to-earnings ratio of 35.17 and a beta of 0.44. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, December 1st. The company reported $0.00 earnings per share for the quarter. The firm had revenue of $304.21 million for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. On average, sell-side analysts forecast that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 3rd were given a dividend of $0.1749 per share. This represents a dividend yield of 444.0%. The ex-dividend date was Monday, November 3rd. Adecoagro’s dividend payout ratio (DPR) is presently 152.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGRO. Jeppson Wealth Management LLC bought a new stake in shares of Adecoagro in the 3rd quarter valued at about $124,000. State of Wyoming purchased a new stake in shares of Adecoagro in the first quarter worth about $133,000. R Squared Ltd grew its holdings in Adecoagro by 61.1% during the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock worth $175,000 after acquiring an additional 8,462 shares during the period. Vise Technologies Inc. purchased a new position in Adecoagro in the second quarter valued at $277,000. Finally, Magnetar Financial LLC raised its position in shares of Adecoagro by 105.9% in the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock worth $289,000 after acquiring an additional 16,260 shares during the period. 45.25% of the stock is currently owned by institutional investors.

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.