Brokerages Set Adecoagro S.A. (NYSE:AGRO) Price Target at $12.12

Shares of Adecoagro S.A. (NYSE:AGRO) have been assigned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.1167.

Several research analysts recently commented on AGRO shares. Weiss Ratings downgraded shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price target on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ghisallo Capital Management LLC purchased a new position in shares of Adecoagro during the fourth quarter valued at $2,987,000. Decker Retirement Planning Inc. bought a new position in Adecoagro in the first quarter worth approximately $4,629,000. PDT Partners LLC purchased a new stake in Adecoagro during the second quarter worth $2,465,000. PenderFund Capital Management Ltd. purchased a new stake in Adecoagro during the third quarter worth $1,960,000. Finally, Invesco Ltd. boosted its position in 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 acquiring an additional 212,685 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Down 1.5%

Shares of NYSE AGRO opened at $8.92 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.86. The company has a market cap of $1.27 billion, a P/E ratio of 27.03 and a beta of -0.04. Adecoagro has a 1 year low of $6.89 and a 1 year high of $15.89. The firm has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $11.21.

Adecoagro (NYSE:AGRO) last released its earnings results on Tuesday, August 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The business had revenue of $538.50 million for the quarter, compared to the consensus estimate of $602.01 million. Research analysts anticipate that Adecoagro will post 1.42 earnings per share for the current year.

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.