Adecoagro (AGRO) Stock Rating Lowered by Zacks Investment Research

Adecoagro (NYSE:AGRO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Adecoagro S.A. operates as an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. The Company is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation. Adecoagro S.A. is based in Luxembourg. “

Separately, ValuEngine upgraded Adecoagro from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Adecoagro has a consensus rating of “Hold” and a consensus target price of $10.00.

NYSE:AGRO traded up $0.11 during mid-day trading on Wednesday, hitting $7.11. 424,376 shares of the company’s stock traded hands, compared to its average volume of 487,030. Adecoagro has a 12 month low of $6.73 and a 12 month high of $10.63. The company has a market cap of $847.36 million, a price-to-earnings ratio of 88.88 and a beta of 0.69. The company has a quick ratio of 1.39, a current ratio of 2.23 and a debt-to-equity ratio of 0.61.

Adecoagro (NYSE:AGRO) last announced its earnings results on Thursday, November 15th. The company reported $0.12 earnings per share for the quarter. Adecoagro had a positive return on equity of 16.18% and a negative net margin of 1.88%. The firm had revenue of $178.74 million during the quarter. Analysts anticipate that Adecoagro will post 0.94 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in Adecoagro during the 2nd quarter valued at $139,000. Jane Street Group LLC acquired a new stake in Adecoagro during the 3rd quarter valued at $141,000. California Public Employees Retirement System acquired a new stake in Adecoagro during the 2nd quarter valued at $186,000. Allianz Asset Management GmbH acquired a new stake in Adecoagro during the 3rd quarter valued at $212,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Adecoagro during the 2nd quarter valued at $288,000. 41.27% of the stock is owned by hedge funds and other 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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