Adecoagro (AGRO) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Adecoagro (NYSE:AGRO) from a strong sell rating to a sell rating in a report published on Tuesday morning.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Adecoagro from a buy rating to a hold rating in a report on Tuesday, September 25th. Credit Suisse Group reissued a neutral rating and issued a $11.00 price target on shares of Adecoagro in a report on Friday, July 27th. Finally, Santander initiated coverage on shares of Adecoagro in a report on Tuesday, July 17th. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Adecoagro currently has a consensus rating of Hold and a consensus target price of $10.00.

Shares of NYSE:AGRO opened at $8.09 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 2.51 and a debt-to-equity ratio of 1.30. Adecoagro has a one year low of $6.93 and a one year high of $10.91. The firm has a market capitalization of $976.05 million, a price-to-earnings ratio of 98.63 and a beta of 1.02.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, August 16th. The company reported $0.77 EPS for the quarter. Adecoagro had a negative net margin of 2.53% and a positive return on equity of 15.85%. The firm had revenue of $215.92 million during the quarter. On average, equities analysts expect that Adecoagro will post 0.81 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. 683 Capital Management LLC lifted its holdings in shares of Adecoagro by 16.7% during the 2nd quarter. 683 Capital Management LLC now owns 350,000 shares of the company’s stock worth $2,783,000 after acquiring an additional 50,000 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Adecoagro by 89.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,013,207 shares of the company’s stock worth $8,055,000 after acquiring an additional 478,607 shares during the last quarter. Boston Partners lifted its holdings in shares of Adecoagro by 9.7% during the 2nd quarter. Boston Partners now owns 249,828 shares of the company’s stock worth $1,986,000 after acquiring an additional 22,135 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Adecoagro by 46.3% during the 2nd quarter. Brandes Investment Partners LP now owns 4,365,626 shares of the company’s stock worth $34,707,000 after acquiring an additional 1,380,739 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Adecoagro by 306.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 77,261 shares of the company’s stock worth $615,000 after purchasing an additional 58,264 shares during the last quarter. 37.61% of the stock is owned by institutional investors.

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.

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