Adecoagro S.A. (NYSE:AGRO) Receives $12.12 Average Price Target from Brokerages

Adecoagro S.A. (NYSE:AGRO) has been given an average rating of “Reduce” by the seven research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.1167.

Several equities research analysts recently weighed in on AGRO shares. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and increased their target price for the company from $8.00 to $16.20 in a report on Monday, March 30th. JPMorgan Chase & Co. lifted their target price on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research note on Monday, June 15th. Weiss Ratings cut shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Citigroup downgraded Adecoagro from a “buy” rating to a “neutral” rating and boosted their price target for the company from $13.00 to $15.00 in a report on Tuesday, April 14th.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new position in shares of Adecoagro in the third quarter worth $1,082,000. Tudor Investment Corp ET AL purchased a new position in Adecoagro in the 3rd quarter worth about $295,000. Quent Capital LLC purchased a new position in Adecoagro in the 4th quarter worth about $595,000. Decker Retirement Planning Inc. bought a new position in Adecoagro during the 1st quarter valued at about $4,629,000. Finally, Stonebridge Financial Group LLC MO bought a new position in Adecoagro during the 4th quarter valued at about $592,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Up 5.5%

AGRO stock opened at $10.62 on Tuesday. The company has a market capitalization of $1.51 billion, a PE ratio of 531.42 and a beta of -0.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. Adecoagro has a one year low of $6.89 and a one year high of $15.89. The company’s 50 day moving average price is $11.10 and its two-hundred day moving average price is $11.02.

Adecoagro (NYSE:AGRO) last issued its earnings results on Monday, May 11th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%.The business had revenue of $419.44 million during the quarter, compared to analysts’ expectations of $408.94 million. As a group, analysts predict that Adecoagro will post 1.73 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 4th were issued a dividend of $0.1213 per share. This represents a dividend yield of 160.0%. The ex-dividend date was Monday, May 4th. Adecoagro’s dividend payout ratio is currently 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.