ValuEngine Downgrades Adecoagro (NYSE:AGRO) to Sell

Adecoagro (NYSE:AGRO) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday, April 1st, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Adecoagro from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, February 12th. Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price target for the company. in a research report on Wednesday, January 16th. Santander lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Citigroup initiated coverage on shares of Adecoagro in a research report on Tuesday, December 18th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.50.

AGRO stock traded up $0.05 during mid-day trading on Monday, reaching $6.84. 252,200 shares of the stock traded hands, compared to its average volume of 339,143. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.38 and a quick ratio of 1.58. Adecoagro has a 52 week low of $6.34 and a 52 week high of $9.06. The stock has a market capitalization of $824.30 million, a price-to-earnings ratio of 8.77 and a beta of 0.57.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.37). Adecoagro had a negative net margin of 2.93% and a positive return on equity of 12.89%. The company had revenue of $226.51 million during the quarter. Equities analysts expect that Adecoagro will post 0.28 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. United Services Automobile Association boosted its position in shares of Adecoagro by 196.7% in the 3rd quarter. United Services Automobile Association now owns 276,333 shares of the company’s stock valued at $2,031,000 after purchasing an additional 183,194 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Adecoagro in the 3rd quarter valued at about $2,212,000. Allianz Asset Management GmbH acquired a new stake in shares of Adecoagro in the 3rd quarter valued at about $212,000. Citadel Advisors LLC acquired a new stake in shares of Adecoagro in the 3rd quarter valued at about $448,000. Finally, Route One Investment Company L.P. boosted its position in shares of Adecoagro by 53.4% in the 3rd quarter. Route One Investment Company L.P. now owns 8,246,625 shares of the company’s stock valued at $60,613,000 after purchasing an additional 2,870,304 shares during the period. 43.45% of the stock is owned by institutional investors.

About Adecoagro

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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