UBS Group Cuts Adecoagro (NYSE:AGRO) Price Target to $8.50

Key Points

• UBS Group has lowered its price target for Adecoagro (NYSE:AGRO) from $9.90 to $8.50, maintaining a "neutral" rating on the stock, which indicates a potential upside of 2.41% from the company's previous close.
• Adecoagro recently reported a quarterly EPS of ($0.14), significantly missing the consensus estimate, while revenues were slightly above expectations at $405.66 million.
• Current analyst ratings for Adecoagro show a consensus of "Sell," with one hold rating and two sell ratings, against a backdrop of fluctuating investor interest and changes in institutional holdings.

Adecoagro (NYSE:AGRO - Get Free Report) had its target price cut by UBS Group from $9.90 to $8.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 2.41% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded Adecoagro from a "sell" rating to a "hold" rating in a research report on Saturday. Morgan Stanley cut 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. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Sell" and a consensus price target of $9.60.

Adecoagro Stock Performance

Shares of NYSE:AGRO traded down $0.07 during trading on Wednesday, hitting $8.30. 22,988 shares of the company traded hands, compared to its average volume of 715,753. The stock has a market capitalization of $829.92 million, a price-to-earnings ratio of 23.65 and a beta of 0.65. The business's fifty day moving average is $9.08 and its 200-day moving average is $9.79. Adecoagro has a one year low of $8.15 and a one year high of $12.07. The company has a quick ratio of 0.95, a current ratio of 1.90 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.40). The company had revenue of $405.66 million for the quarter, compared to the consensus estimate of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. As a group, equities analysts predict that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in Adecoagro by 143,775.0% during 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 in the last quarter. Lazard Asset Management LLC grew its position in shares of Adecoagro by 26.3% during the 4th 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 in the last quarter. State of Wyoming acquired a new position in shares of Adecoagro during the 1st quarter worth approximately $133,000. Vise Technologies Inc. acquired a new position in shares of Adecoagro during the 4th quarter worth approximately $153,000. Finally, R Squared Ltd boosted its position in shares of Adecoagro by 103.0% during the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after acquiring an additional 7,676 shares in the last quarter. 45.25% of the stock is owned by institutional investors.

About Adecoagro

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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