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

Key Points

• Adecoagro (NYSE:AGRO) was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating declining investor confidence.
• The company's current average stock rating is "sell" with a consensus target price of $9.60, following recent price target cuts by Morgan Stanley and UBS Group.
• Adecoagro reported a loss of $0.14 per share in its recent quarterly earnings, which was significantly below analysts' expectations of $0.26.

Adecoagro (NYSE:AGRO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

AGRO has been the subject of a number of other research reports. Morgan Stanley cut their price target on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research note 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 on the stock in a research report on Wednesday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Sell" and a consensus target price of $9.60.

Adecoagro Stock Performance

Shares of AGRO opened at $8.27 on Friday. The company has a market cap of $826.42 million, a PE ratio of 23.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95. Adecoagro has a one year low of $8.13 and a one year high of $12.07. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $9.74.

Adecoagro (NYSE:AGRO - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). The company had revenue of $405.66 million for the quarter, compared to analyst estimates of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. On average, equities research analysts predict that Adecoagro will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

A number of hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP raised its holdings in shares of Adecoagro by 5.8% in the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company's stock worth $300,000 after purchasing an additional 1,481 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Adecoagro by 1.7% in the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company's stock worth $1,216,000 after purchasing an additional 1,823 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after purchasing an additional 2,794 shares during the period. Vident Advisory LLC raised its holdings in shares of Adecoagro by 15.8% in the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock worth $282,000 after purchasing an additional 4,089 shares during the period. Finally, State of Wyoming raised its holdings in shares of Adecoagro by 44.9% in the 2nd quarter. State of Wyoming now owns 17,203 shares of the company's stock worth $157,000 after purchasing an additional 5,334 shares during the period. Institutional investors own 45.25% of the company's stock.

Adecoagro Company Profile

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.

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