Adecoagro S.A. (NYSE:AGRO) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Adecoagro S.A. (NYSE:AGRO) have earned an average rating of “Reduce” from the six analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.50.

AGRO has been the topic of a number of research reports. Truist Financial set a $9.00 price target on Adecoagro in a research report on Friday, January 9th. JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price target for the company. Zacks Research raised Adecoagro from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Adecoagro

A number of large investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro during the fourth quarter valued at approximately $88,000. Jeppson Wealth Management LLC bought a new position in Adecoagro in the 3rd quarter worth $124,000. State of Wyoming raised its holdings in Adecoagro by 44.9% in the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after purchasing an additional 5,334 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Adecoagro in the 4th quarter worth about $159,000. Finally, R Squared Ltd boosted its stake in shares of Adecoagro by 61.1% during the 3rd quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after purchasing an additional 8,462 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Price Performance

NYSE:AGRO opened at $8.65 on Friday. Adecoagro has a 52-week low of $6.89 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The firm has a market capitalization of $865.28 million, a price-to-earnings ratio of 37.59 and a beta of 0.45. The stock has a fifty day moving average of $8.26 and a 200 day moving average of $8.23.

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

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.