Adecoagro (NYSE:AGRO) Hits New 1-Year Low - Here's What Happened

Key Points

• Adecoagro S.A. shares reached a new 52-week low of $7.49, with a recent trading volume of 259,159 shares.
• Analysts have downgraded the stock, with Wall Street Zen lowering the rating from "hold" to "sell," and UBS Group reducing their price target from $9.90 to $8.50.
• The company reported a loss of ($0.14) EPS for the last quarter, missing the consensus estimate by ($0.40), despite achieving revenues of $405.66 million.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $7.49 and last traded at $7.49, with a volume of 259159 shares changing hands. The stock had previously closed at $7.63.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AGRO. Wall Street Zen lowered Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. UBS Group decreased their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd. Morgan Stanley reduced their price objective on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Adecoagro in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Sell" and an average target price of $9.60.

Adecoagro Stock Down 2.7%

The stock has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $9.08. The firm has a market cap of $742.43 million, a PE ratio of 21.27 and a beta of 0.60. 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 (NYSE:AGRO - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The firm had revenue of $405.66 million for the quarter, compared to analysts' expectations of $402.00 million. As a group, sell-side analysts expect that Adecoagro S.A. 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 stock. Helikon Investments Ltd raised its position in Adecoagro by 72.5% during the first quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company's stock valued at $134,456,000 after purchasing an additional 5,060,347 shares in the last quarter. Amundi increased its position in shares of Adecoagro by 5.1% during the 1st quarter. Amundi now owns 730,766 shares of the company's stock valued at $8,177,000 after purchasing an additional 35,530 shares during the last quarter. Tabor Asset Management LP purchased a new position in shares of Adecoagro during the 1st quarter valued at about $328,000. Itau Unibanco Holding S.A. bought a new stake in Adecoagro in the 1st quarter worth approximately $1,907,000. Finally, Alpine Global Management LLC purchased a new stake in Adecoagro in the first quarter worth approximately $1,609,000. Hedge funds and other institutional investors own 45.25% of the company's stock.

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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