Adecoagro (NYSE:AGRO) Sets New 12-Month Low - Here's Why

Key Points

• Adecoagro's shares hit a new 52-week low of $7.57, down from a previous close of $7.76, with a trading volume of 374,159 shares.
• Multiple analysts have downgraded Adecoagro’s stock, with Wall Street Zen changing its rating to sell, resulting in a current consensus rating of "Strong Sell" and an average target price of $9.60.
• In its latest earnings report, Adecoagro reported a loss of ($0.14) earnings per share, significantly missing analyst estimates by $0.40.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $7.57 and last traded at $7.58, with a volume of 374159 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

AGRO has been the subject of a number of research reports. Wall Street Zen cut shares of Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Adecoagro in a research report on Wednesday. UBS Group dropped their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 3rd. Finally, Morgan Stanley decreased their price objective 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 research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Sell" and an average target price of $9.60.

Adecoagro Trading Down 0.5%

The stock's 50-day simple moving average is $8.38 and its 200-day simple moving average is $9.29. The firm has a market capitalization of $771.92 million, a PE ratio of 22.06 and a beta of 0.60. 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 released its earnings results on Monday, August 18th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). The business had revenue of $405.66 million during the quarter, compared to analysts' expectations of $402.00 million. Adecoagro had a return on equity of 3.24% and a net margin of 2.30%. As a group, sell-side analysts expect that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. increased its holdings in Adecoagro by 143,775.0% in the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after acquiring an additional 5,751 shares in the last quarter. State of Wyoming bought a new stake in Adecoagro in the first quarter worth $133,000. R Squared Ltd lifted its position in 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 buying an additional 7,676 shares during the last quarter. Vise Technologies Inc. bought a new stake in Adecoagro in the second quarter worth $277,000. Finally, Magnetar Financial LLC lifted its position in shares of Adecoagro by 105.9% during 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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