Adecoagro S.A. (NYSE:AGRO) Receives $11.53 Average Target Price from Analysts

Shares of Adecoagro S.A. (NYSE:AGRO) have earned an average rating of “Reduce” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.5333.

Several research firms recently commented on AGRO. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings lowered shares of Adecoagro from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.00 to $16.20 in a report on Monday, March 30th. Finally, Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $9.50 to $13.00 in a report on Tuesday, March 17th.

Insider Transactions at Adecoagro

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer owned 897,249 shares of the company’s stock, valued at $13,010,110.50. This trade represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 106,815 shares of company stock valued at $1,540,799 over the last three months. 6.70% of the stock is owned by company insiders.

Institutional Trading of Adecoagro

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after acquiring an additional 212,685 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Adecoagro in the fourth quarter valued at approximately $2,987,000. Ameriprise Financial Inc. grew its position in Adecoagro by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after acquiring an additional 90,518 shares in the last quarter. HRT Financial LP grew its position in Adecoagro by 13.4% in the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock valued at $2,480,000 after acquiring an additional 36,857 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Adecoagro in the first quarter valued at approximately $4,629,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Trading Down 3.9%

Shares of AGRO stock opened at $12.14 on Monday. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The firm’s 50-day simple moving average is $13.70 and its 200-day simple moving average is $10.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.74 and a quick ratio of 0.86. The firm has a market cap of $1.73 billion, a P/E ratio of 607.10 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.24) EPS 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 analysts’ expectations of $408.94 million. As a group, equities analysts forecast that Adecoagro will post 1.45 EPS for the current year.

Adecoagro Announces Dividend

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

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.