Adecoagro S.A. (NYSE:AGRO) Receives Average Rating of “Strong Sell” from Analysts

Shares of Adecoagro S.A. (NYSE:AGRO) have earned a consensus rating of “Strong Sell” from the five research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.8250.

AGRO has been the topic of several research reports. JPMorgan Chase & Co. began coverage on shares of Adecoagro in a research note on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, UBS Group reduced their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, December 2nd.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently bought and sold shares of AGRO. Sparta 24 Ltd. acquired a new position in Adecoagro in the 2nd quarter worth approximately $19,197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Adecoagro by 24.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock valued at $24,496,000 after purchasing an additional 431,641 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of Adecoagro in the third quarter valued at $1,960,000. Invesco Ltd. boosted its position in shares of Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after buying an additional 212,685 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Adecoagro by 155.6% during the first quarter. Cubist Systematic Strategies LLC now owns 314,481 shares of the company’s stock valued at $3,513,000 after buying an additional 191,431 shares in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Price Performance

AGRO stock opened at $7.95 on Friday. The firm has a market cap of $795.22 million, a P/E ratio of 34.54 and a beta of 0.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. Adecoagro has a 1 year low of $6.89 and a 1 year high of $11.78. The stock has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $8.44.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, December 1st. The company reported $0.00 EPS for the quarter. The business 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, equities analysts predict that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

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

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.