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 stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

Other equities analysts have also issued reports about the stock. UBS Group lowered their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 3rd. Morgan Stanley lowered their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Sell" and a consensus target price of $9.60.

Adecoagro Price Performance

Shares of NYSE AGRO traded up $0.07 during trading on Friday, hitting $8.22. The company had a trading volume of 242,951 shares, compared to its average volume of 631,355. The stock has a fifty day simple moving average of $8.94 and a two-hundred day simple moving average of $9.67. Adecoagro has a fifty-two week low of $7.89 and a fifty-two week high of $12.07. The firm has a market capitalization of $821.42 million, a price-to-earnings ratio of 23.47 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.90 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its earnings results on Monday, August 18th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). The company had revenue of $405.66 million during 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, research analysts expect that Adecoagro will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in shares of Adecoagro by 352.0% in the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock valued at $543,000 after purchasing an additional 44,816 shares during the last quarter. Jane Street Group LLC increased its position in shares of Adecoagro by 193.2% in the 4th quarter. Jane Street Group LLC now owns 156,886 shares of the company's stock valued at $1,479,000 after purchasing an additional 103,378 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Adecoagro by 48.5% in the 4th quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company's stock valued at $2,195,000 after purchasing an additional 75,975 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Adecoagro by 586.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 123,050 shares of the company's stock valued at $1,160,000 after purchasing an additional 105,134 shares during the last quarter. Finally, Graham Capital Management L.P. increased its position in shares of Adecoagro by 21.6% in the 4th quarter. Graham Capital Management L.P. now owns 127,334 shares of the company's stock valued at $1,201,000 after purchasing an additional 22,583 shares during the last quarter. Institutional investors and hedge funds 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.