Adecoagro (NYSE:AGRO) Reaches New 1-Year Low - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $8.63 and last traded at $8.79, with a volume of 222165 shares trading hands. The stock had previously closed at $8.82.

Wall Street Analysts Forecast Growth

AGRO has been the subject of a number of research reports. Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $10.80 in a report on Friday, April 25th. UBS Group cut their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. StockNews.com cut Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Morgan Stanley lowered Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $13.00 to $10.00 in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Adecoagro has a consensus rating of "Hold" and an average price target of $10.55.

Adecoagro Trading Up 3.2 %

The business's 50-day moving average is $10.60 and its two-hundred day moving average is $10.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The firm has a market cap of $894.94 million, a P/E ratio of 5.97, a P/E/G ratio of 1.43 and a beta of 0.74.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date is Friday, May 2nd. This is a positive change from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio is presently 39.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. grew its stake in shares of Adecoagro by 143,775.0% in the first quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock valued at $64,000 after buying an additional 5,751 shares in the last quarter. R Squared Ltd bought a new stake in shares of Adecoagro in the 4th quarter valued at about $70,000. OLD Mission Capital LLC acquired a new stake in Adecoagro in the 4th quarter valued at about $108,000. Dynamic Technology Lab Private Ltd acquired a new stake in Adecoagro in the 4th quarter valued at about $126,000. Finally, Lazard Asset Management LLC grew its holdings in Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after purchasing an additional 2,794 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.