Adecoagro’s (AGRO) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d+) rating on shares of Adecoagro (NYSE:AGRO) in a report published on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on AGRO. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, September 7th. UBS Group decreased their price target on Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 3rd. Finally, Morgan Stanley reduced their price objective on Adecoagro from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of $9.60.

Adecoagro Stock Down 2.2%

Shares of NYSE:AGRO opened at $7.55 on Wednesday. The stock’s 50-day moving average price is $8.36 and its two-hundred day moving average price is $9.26. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. Adecoagro has a 12-month low of $7.54 and a 12-month high of $11.86. The firm has a market cap of $754.92 million, a price-to-earnings ratio of 21.57 and a beta of 0.60.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, August 18th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.The business had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. On average, research analysts forecast that Adecoagro will post 1.24 EPS for the current year.

Institutional Investors Weigh In On Adecoagro

Several hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd raised its holdings in shares of Adecoagro by 72.5% during the 1st quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company’s stock valued at $134,456,000 after buying an additional 5,060,347 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Adecoagro by 24.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock valued at $24,496,000 after buying an additional 431,641 shares during the period. Sparta 24 Ltd. purchased a new stake in shares of Adecoagro during the 2nd quarter valued at about $19,197,000. Amundi raised its holdings in shares of Adecoagro by 5.1% during the 1st quarter. Amundi now owns 730,766 shares of the company’s stock valued at $8,177,000 after buying an additional 35,530 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after buying an additional 212,685 shares during the period. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.