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

Several other research firms also recently issued reports on AGRO. Citigroup upgraded Adecoagro from a “neutral” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Sunday, June 9th. Zacks Investment Research upgraded Adecoagro from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective on the stock in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Adecoagro has a consensus rating of “Hold” and a consensus target price of $8.75.

Shares of AGRO stock traded down $0.28 on Tuesday, hitting $5.64. The stock had a trading volume of 1,207,506 shares, compared to its average volume of 348,934. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.56 and a quick ratio of 0.88. The firm has a market capitalization of $821.75 million, a price-to-earnings ratio of 7.23 and a beta of 0.58. Adecoagro has a 1 year low of $5.52 and a 1 year high of $8.65. The firm has a 50 day moving average of $6.87.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $159.82 million for the quarter. Adecoagro had a positive return on equity of 10.68% and a negative net margin of 4.37%. Equities analysts forecast that Adecoagro will post 0.36 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGRO. Northern Trust Corp grew its stake in shares of Adecoagro by 20.2% during the 4th quarter. Northern Trust Corp now owns 148,641 shares of the company’s stock valued at $1,034,000 after purchasing an additional 24,969 shares during the period. Legal & General Group Plc grew its stake in shares of Adecoagro by 121.9% during the 4th quarter. Legal & General Group Plc now owns 91,453 shares of the company’s stock valued at $637,000 after purchasing an additional 50,233 shares during the period. Millennium Management LLC grew its stake in shares of Adecoagro by 56.7% during the 4th quarter. Millennium Management LLC now owns 131,458 shares of the company’s stock valued at $915,000 after purchasing an additional 47,573 shares during the period. Norges Bank bought a new stake in shares of Adecoagro during the 4th quarter valued at about $9,660,000. Finally, Deutsche Bank AG grew its stake in shares of Adecoagro by 1,529.9% during the 4th quarter. Deutsche Bank AG now owns 338,568 shares of the company’s stock valued at $2,356,000 after acquiring an additional 317,796 shares during the period. 43.90% 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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