Adecoagro S.A. (NYSE:AGRO) Given Consensus Rating of “Hold” by Brokerages

Shares of Adecoagro S.A. (NYSE:AGRO) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.84.

Several analysts have recently commented on AGRO shares. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a report on Friday, January 9th. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.00 to $16.20 in a research note on Monday, March 30th. Truist Financial set a $9.00 price target on Adecoagro in a report on Friday, January 9th. Zacks Research downgraded shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Citigroup started coverage on shares of Adecoagro in a report on Monday, February 16th. They issued a “buy” rating on the stock.

Adecoagro Stock Performance

Shares of AGRO opened at $15.26 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.38. The stock has a 50-day moving average of $10.64 and a two-hundred day moving average of $8.90. The stock has a market cap of $1.53 billion, a P/E ratio of -190.78, a P/E/G ratio of 0.31 and a beta of 0.08. Adecoagro has a one year low of $6.89 and a one year high of $15.89.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The firm had revenue of $432.91 million during the quarter. As a group, research analysts predict that Adecoagro will post 1.24 EPS for the current year.

Insider Activity at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer directly owned 897,249 shares in the company, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGRO. Cantor Fitzgerald L. P. acquired a new position in shares of Adecoagro in the 3rd quarter valued at $1,082,000. Sparta 24 Ltd. increased its position in shares of Adecoagro by 4.8% during the 3rd quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock worth $17,250,000 after purchasing an additional 100,000 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Adecoagro during the 3rd quarter worth about $295,000. Pale Fire Capital SE purchased a new stake in Adecoagro in the 2nd quarter valued at about $774,000. Finally, R Squared Ltd raised its holdings in Adecoagro by 61.1% in the 3rd quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after buying an additional 8,462 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.