Adecoagro (NYSE:AGRO) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Adecoagro's stock has been given a "Sell (D+)" rating by Weiss Ratings, reflecting growing concerns about the company's financial outlook.
• UBS Group and Morgan Stanley have both lowered their target prices for Adecoagro, with UBS setting a target of $8.50 and Morgan Stanley at $9.50.
• The company's recent earnings report showed a significant miss with an EPS of ($0.14), falling short of analysts' expectations of $0.26.

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

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. UBS Group cut their target price on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a report on Wednesday, September 3rd. Finally, Morgan Stanley cut their target price on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Sell" and an average target price of $9.60.

Adecoagro Stock Performance

NYSE AGRO traded down $0.04 on Wednesday, reaching $7.80. 107,386 shares of the stock were exchanged, compared to its average volume of 681,347. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. Adecoagro has a one year low of $7.64 and a one year high of $11.86. The company's 50-day simple moving average is $8.44 and its two-hundred day simple moving average is $9.32. The firm has a market capitalization of $779.42 million, a PE ratio of 22.30 and a beta of 0.60.

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

Institutional Trading of Adecoagro

Several institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its position in shares of Adecoagro by 60.4% during the second quarter. Squarepoint Ops LLC now owns 56,528 shares of the company's stock worth $517,000 after purchasing an additional 21,277 shares during the last quarter. State of Wyoming lifted its position in shares of Adecoagro by 44.9% during the second 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 last quarter. Lazard Asset Management LLC raised its holdings in shares of Adecoagro by 229,180.4% in the second quarter. Lazard Asset Management LLC now owns 116,933 shares of the company's stock valued at $1,068,000 after acquiring an additional 116,882 shares in the last quarter. HRT Financial LP raised its holdings in shares of Adecoagro by 203.0% in the second quarter. HRT Financial LP now owns 227,889 shares of the company's stock valued at $2,082,000 after acquiring an additional 152,672 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Adecoagro by 115.7% in the second quarter. Engineers Gate Manager LP now owns 191,927 shares of the company's stock valued at $1,754,000 after acquiring an additional 102,955 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

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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