Adecoagro SA (NYSE:AGRO) Receives Consensus Recommendation of “Hold” from Analysts

Adecoagro SA (NYSE:AGRO) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.83.

A number of brokerages have recently commented on AGRO. Citigroup raised Adecoagro from a “neutral” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Sunday, June 9th. Zacks Investment Research cut Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, ValuEngine cut Adecoagro from a “hold” rating to a “sell” rating in a research note on Monday, April 1st.

Several institutional investors and hedge funds have recently modified their holdings of AGRO. Norges Bank acquired a new position in shares of Adecoagro in the 4th quarter valued at approximately $9,660,000. Brandes Investment Partners LP grew its position in shares of Adecoagro by 8.7% in the 1st quarter. Brandes Investment Partners LP now owns 8,466,425 shares of the company’s stock valued at $58,334,000 after purchasing an additional 674,516 shares during the period. Deutsche Bank AG grew its position in shares of Adecoagro by 1,529.9% in the 4th quarter. Deutsche Bank AG now owns 338,568 shares of the company’s stock valued at $2,356,000 after purchasing an additional 317,796 shares during the period. FMR LLC grew its position in shares of Adecoagro by 2,005.9% in the 1st quarter. FMR LLC now owns 96,873 shares of the company’s stock valued at $668,000 after purchasing an additional 92,273 shares during the period. Finally, US Bancorp DE grew its position in shares of Adecoagro by 336.5% in the 1st quarter. US Bancorp DE now owns 75,608 shares of the company’s stock valued at $521,000 after purchasing an additional 58,287 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

Shares of AGRO stock opened at $7.14 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. The company has a market cap of $804.26 million, a PE ratio of 9.15 and a beta of 0.53. The company has a 50-day moving average of $6.76. Adecoagro has a one year low of $6.17 and a one year high of $9.06.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $159.82 million during the quarter. Adecoagro had a positive return on equity of 10.68% and a negative net margin of 4.37%. Analysts anticipate that Adecoagro will post 0.31 EPS for the current year.

Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

Further Reading: Price-Sales Ratio

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