Adecoagro (NYSE:AGRO) Cut to Sell at Wall Street Zen

Adecoagro (NYSE:AGRO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other brokerages have also issued reports on AGRO. Morgan Stanley dropped their target price on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. UBS Group dropped their target price on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $9.60.

Adecoagro Price Performance

AGRO stock opened at $8.03 on Friday. The firm has a 50 day moving average of $9.01 and a 200-day moving average of $9.71. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. Adecoagro has a 12 month low of $8.01 and a 12 month high of $12.07. The firm has a market capitalization of $802.42 million, a P/E ratio of 22.93 and a beta of 0.65.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The firm had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. As a group, sell-side analysts predict that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AGRO. Northern Trust Corp increased its stake in shares of Adecoagro by 352.0% in the fourth quarter. Northern Trust Corp now owns 57,549 shares of the company’s stock worth $543,000 after buying an additional 44,816 shares during the period. Jane Street Group LLC boosted its holdings in Adecoagro by 193.2% in the fourth quarter. Jane Street Group LLC now owns 156,886 shares of the company’s stock valued at $1,479,000 after acquiring an additional 103,378 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Adecoagro by 48.5% in the fourth quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company’s stock valued at $2,195,000 after acquiring an additional 75,975 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Adecoagro by 586.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 123,050 shares of the company’s stock valued at $1,160,000 after acquiring an additional 105,134 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in Adecoagro by 21.6% in the fourth quarter. Graham Capital Management L.P. now owns 127,334 shares of the company’s stock valued at $1,201,000 after acquiring an additional 22,583 shares in the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.