Adecoagro S.A. (NYSE:AGRO) Given Average Recommendation of “Strong Sell” by Brokerages

Adecoagro S.A. (NYSE:AGRO) has been assigned an average recommendation of “Strong Sell” from the five brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.50.

AGRO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. started coverage on shares of Adecoagro in a research report on Monday, December 1st. They issued an “underweight” rating and a $7.00 price target for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. UBS Group cut their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. Finally, Truist Financial set a $9.00 target price on Adecoagro in a research note on Friday, January 9th.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $8.19 on Tuesday. Adecoagro has a 12 month low of $6.89 and a 12 month high of $11.78. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The stock has a market cap of $819.24 million, a PE ratio of 35.59 and a beta of 0.43. The business has a fifty day simple moving average of $7.95 and a 200-day simple moving average of $8.29.

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

Adecoagro Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 3rd were paid a $0.1749 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a dividend yield of 444.0%. Adecoagro’s payout ratio is presently 152.17%.

Institutional Trading of Adecoagro

Institutional investors have recently added to or reduced their stakes in the business. Sparta 24 Ltd. acquired a new position in shares of Adecoagro during the 2nd quarter worth $19,197,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Adecoagro in the 3rd quarter valued at $1,960,000. Invesco Ltd. boosted its holdings in 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 purchasing an additional 212,685 shares in the last quarter. Citadel Advisors LLC increased its position in Adecoagro by 335.1% during the third quarter. Citadel Advisors LLC now owns 237,170 shares of the company’s stock worth $1,859,000 after buying an additional 182,655 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Adecoagro by 321.3% during the third quarter. Two Sigma Investments LP now owns 218,703 shares of the company’s stock worth $1,715,000 after buying an additional 166,795 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Company Profile

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.