Adecoagro (NYSE:AGRO) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Adecoagro's stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, reflecting ongoing concerns from analysts.
• UBS Group has lowered its price target for Adecoagro from $9.90 to $8.50, contributing to a consensus rating of "Strong Sell" with an average target of $9.60.
• In its latest quarterly earnings report, Adecoagro reported a loss of $0.14 EPS, missing estimates by a significant margin, despite revenue exceeding expectations at $405.66 million.

Adecoagro (NYSE:AGRO - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other brokerages have also recently weighed in on AGRO. UBS Group dropped their price target on Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, September 3rd. Wall Street Zen cut Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Finally, Morgan Stanley dropped their price target on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Adecoagro presently has a consensus rating of "Strong Sell" and an average price target of $9.60.

Adecoagro Price Performance

NYSE:AGRO traded down $0.04 during trading hours on Friday, hitting $7.83. The company's stock had a trading volume of 243,695 shares, compared to its average volume of 663,803. The business's 50-day moving average is $8.09 and its two-hundred day moving average is $9.04. The company has a market capitalization of $782.52 million, a PE ratio of 22.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 1.90. Adecoagro has a 52-week low of $7.42 and a 52-week high of $11.86.

Adecoagro (NYSE:AGRO - Get Free Report) last released its quarterly earnings data 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). Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.The business had revenue of $405.66 million during the quarter, compared to analysts' expectations of $402.00 million. As a group, research analysts anticipate that Adecoagro will post 1.24 EPS for the current fiscal year.

Institutional Trading of Adecoagro

A number of hedge funds have recently added to or reduced their stakes in AGRO. Jeppson Wealth Management LLC acquired a new stake in Adecoagro in the 3rd quarter worth about $124,000. State of Wyoming acquired a new stake in Adecoagro in the 1st quarter worth about $133,000. R Squared Ltd boosted its stake in Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after buying an additional 7,676 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Adecoagro in the 2nd quarter worth about $277,000. Finally, Magnetar Financial LLC boosted its stake in Adecoagro by 105.9% in the 2nd quarter. Magnetar Financial LLC now owns 31,615 shares of the company's stock worth $289,000 after buying an additional 16,260 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

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.

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