Adecoagro (NYSE:AGRO) Shares Gap Down - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $11.69, but opened at $11.01. Adecoagro shares last traded at $10.47, with a volume of 496,510 shares trading hands.

Analyst Ratings Changes

AGRO has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday. StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Bank of America downgraded 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 research report on Friday, April 25th. Finally, Morgan Stanley lowered shares of 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 research report on Monday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.55.

Adecoagro Stock Performance

The firm has a market cap of $932.93 million, a P/E ratio of 6.22, a P/E/G ratio of 1.43 and a beta of 0.65. The business has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $10.59. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

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

Institutional Investors Weigh In On Adecoagro

A number of institutional investors have recently made changes to their positions in AGRO. Comprehensive Money Management Services LLC raised its holdings in shares of Adecoagro by 17.2% during the first quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company's stock valued at $644,000 after purchasing an additional 8,450 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Adecoagro in the first quarter worth approximately $1,056,000. NBC Securities Inc. boosted 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 buying an additional 5,751 shares during the period. Vise Technologies Inc. purchased a new stake in shares of Adecoagro during the fourth quarter worth about $153,000. Finally, PharVision Advisers LLC purchased a new stake in Adecoagro during the 4th quarter valued at approximately $225,000. Hedge funds and other 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.