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

Key Points

• Adecoagro's share price reached a new 52-week low of $7.85 after trading as low as $7.86, indicating a challenging market position.
• Equities research analysts have lowered their price targets for Adecoagro, with UBS reducing it from $9.90 to $8.50 and Morgan Stanley from $10.00 to $9.50, reflecting a bearish outlook.
• Despite a revenue of $405.66 million for the last quarter, Adecoagro reported an EPS loss of ($0.14), significantly missing analysts' expectations of $0.26.

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.86 and last traded at $7.85, with a volume of 433713 shares traded. The stock had previously closed at $8.05.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley lowered their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Adecoagro presently has an average rating of "Sell" and a consensus price target of $9.60.

Adecoagro Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95. The business's 50 day moving average is $8.63 and its two-hundred day moving average is $9.43. The firm has a market capitalization of $782.92 million, a PE ratio of 22.37 and a beta of 0.65.

Adecoagro (NYSE:AGRO - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $405.66 million for the quarter, compared to the consensus estimate of $402.00 million. As a group, research analysts anticipate that Adecoagro S.A. will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AGRO. NBC Securities Inc. grew its holdings 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 worth $64,000 after purchasing an additional 5,751 shares during the last quarter. State of Wyoming bought a new position in shares of Adecoagro in the first quarter worth approximately $133,000. R Squared Ltd grew its holdings in shares of Adecoagro by 103.0% in the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after purchasing an additional 7,676 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Adecoagro in the second quarter worth approximately $277,000. Finally, Magnetar Financial LLC grew its holdings in shares of Adecoagro by 105.9% in the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company's stock worth $289,000 after purchasing an additional 16,260 shares during the last quarter. Institutional investors 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.

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