TheStreet Downgrades Adecoagro (NYSE:AGRO) to D+

TheStreet lowered shares of Adecoagro (NYSE:AGRO) from a c- rating to a d+ rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the company. ValuEngine upgraded Adecoagro from a sell rating to a hold rating in a research note on Monday, March 9th. Zacks Investment Research upgraded Adecoagro from a hold rating to a buy rating and set a $5.00 price objective for the company in a research note on Friday, March 13th. Morgan Stanley upgraded Adecoagro from an equal weight rating to an overweight rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded Adecoagro from a neutral rating to an overweight rating and raised their price objective for the company from $8.00 to $9.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $7.50.

AGRO stock opened at $4.13 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.15 and a current ratio of 1.78. Adecoagro has a 1 year low of $3.58 and a 1 year high of $8.70. The firm has a market cap of $477.90 million, a P/E ratio of -413.00 and a beta of 0.77. The stock has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $6.79.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, March 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Adecoagro had a negative net margin of 0.09% and a positive return on equity of 3.97%. The company had revenue of $251.99 million during the quarter. On average, equities research analysts predict that Adecoagro will post 0.55 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Adecoagro by 27,069.4% during the 4th quarter. FMR LLC now owns 1,874,691 shares of the company’s stock valued at $15,691,000 after purchasing an additional 1,867,791 shares in the last quarter. Norges Bank bought a new position in Adecoagro during the 4th quarter worth approximately $9,936,000. Charles Schwab Investment Management Inc. lifted its holdings in Adecoagro by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 580,668 shares of the company’s stock worth $4,861,000 after buying an additional 43,207 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Adecoagro by 3.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 382,851 shares of the company’s stock worth $3,202,000 after buying an additional 12,361 shares during the last quarter. Finally, State Street Corp lifted its holdings in Adecoagro by 7.6% during the 4th quarter. State Street Corp now owns 372,179 shares of the company’s stock worth $3,115,000 after buying an additional 26,280 shares during the last quarter. Hedge funds and other institutional investors own 49.67% of the company’s stock.

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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