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

Adecoagro S.A. (NYSE:AGRO) has been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.5333.

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

Insider Buying and Selling at Adecoagro

In other news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 106,815 shares of company stock valued at $1,540,799 over the last ninety days. Insiders own 6.70% of the company’s stock.

Institutional Trading of Adecoagro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC acquired a new position in Adecoagro in the 4th quarter valued at about $88,000. Quadrature Capital Ltd acquired a new stake in Adecoagro in the 4th quarter worth about $123,000. Virtu Financial LLC purchased a new stake in Adecoagro in the 4th quarter valued at about $147,000. State of Wyoming increased its stake in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in shares of Adecoagro during the 4th quarter valued at about $159,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $13.85 on Thursday. The stock has a fifty day moving average price of $12.72 and a 200 day moving average price of $9.78. The stock has a market cap of $1.39 billion, a PE ratio of -173.14 and a beta of -0.04. Adecoagro has a 1 year low of $6.89 and a 1 year high of $15.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.38.

Adecoagro (NYSE:AGRO) last posted its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The firm had revenue of $432.91 million during the quarter. Sell-side analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.1213 per share. This represents a yield of 160.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio is -300.00%.

Adecoagro Company Profile

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.