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

Adecoagro S.A. (NYSE:AGRO) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.1167.

Several equities analysts recently weighed in on AGRO shares. Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $9.50 to $13.00 in a report on Tuesday, March 17th. Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Tuesday, April 14th. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and increased their price objective for the company from $8.00 to $16.20 in a report on Monday, March 30th.

Adecoagro Trading Up 1.9%

Shares of NYSE AGRO opened at $9.29 on Friday. The company’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $10.76. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The firm has a market capitalization of $1.32 billion, a P/E ratio of 464.48 and a beta of -0.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.74 and a quick ratio of 0.86.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.49). Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. The business had revenue of $419.45 million during the quarter, compared to analyst estimates of $408.94 million. On average, analysts predict that Adecoagro will post 1.73 EPS for the current year.

Adecoagro Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th were issued a $0.1213 dividend. The ex-dividend date was Monday, May 4th. This represents a yield of 160.0%. Adecoagro’s dividend payout ratio (DPR) is 1,200.00%.

Institutional Investors Weigh In On Adecoagro

Hedge funds have recently bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in Adecoagro in the third quarter worth $1,082,000. Quent Capital LLC acquired a new stake in Adecoagro in the fourth quarter worth $595,000. Tudor Investment Corp ET AL acquired a new stake in Adecoagro in the third quarter worth $295,000. Decker Retirement Planning Inc. acquired a new stake in Adecoagro in the first quarter worth $4,629,000. Finally, Stonebridge Financial Group LLC MO acquired a new stake in Adecoagro in the fourth quarter worth $592,000. 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.