Adecoagro (NYSE:AGRO) Reaches New 12-Month Low - Here's What Happened

Key Points

• Adecoagro's stock reached a new 52-week low at $7.89, with analysts recently downgrading their ratings and target prices, indicating a bearish outlook.
• In the latest earnings report, Adecoagro posted a loss of ($0.14) EPS, significantly below analysts' expectations of $0.26, despite revenue slightly exceeding estimates.
• Currently, institutional investors hold 45.25% of Adecoagro's stock, with several hedge funds increasing their positions recently, suggesting ongoing investor interest.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $7.89 and last traded at $7.91, with a volume of 598118 shares trading hands. The stock had previously closed at $8.05.

Analysts Set New Price Targets

A number of brokerages have commented on AGRO. UBS Group cut 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 target price on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Sell" and a consensus target price of $9.60.

Adecoagro Stock Up 3.9%

The firm's 50-day simple moving average is $8.77 and its two-hundred day simple moving average is $9.53. The stock has a market cap of $820.92 million, a price-to-earnings ratio of 23.46 and a beta of 0.65. 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 (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The company reported ($0.14) 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 firm had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. On average, sell-side analysts expect that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Institutional Trading of Adecoagro

A number of institutional investors have recently bought and sold shares of the business. Helikon Investments Ltd grew its position in shares of Adecoagro by 72.5% in the 1st 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 during the period. Sparta 24 Ltd. acquired a new position in shares of Adecoagro in the second quarter valued at approximately $19,197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Adecoagro by 24.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company's stock worth $24,496,000 after acquiring an additional 431,641 shares during the period. Invesco Ltd. lifted its position in Adecoagro by 86.5% in the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company's stock valued at $4,192,000 after acquiring an additional 212,685 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Adecoagro by 155.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 314,481 shares of the company's stock worth $3,513,000 after purchasing an additional 191,431 shares during the period. 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.