Adecoagro (NYSE:AGRO) Stock Price Down 5.2% – What’s Next?

Adecoagro S.A. (NYSE:AGRO) was down 5.2% during mid-day trading on Friday . The stock traded as low as $11.83 and last traded at $11.6920. Approximately 238,341 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,071,817 shares. The stock had previously closed at $12.33.

Analyst Ratings Changes

Several research firms have commented on AGRO. JPMorgan Chase & Co. raised their price objective on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research report on Monday, June 15th. UBS Group decreased their target price on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research report on Thursday, August 27th. Finally, Weiss Ratings lowered Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.62.

Adecoagro Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.73. The business’s fifty day simple moving average is $10.43 and its 200 day simple moving average is $11.55. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 35.85 and a beta of -0.01.

Adecoagro (NYSE:AGRO) last announced its earnings results on Saturday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The business had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. Research analysts predict that Adecoagro S.A. will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC purchased a new position in shares of Adecoagro during the 4th quarter valued at approximately $88,000. Van ECK Associates Corp raised its holdings in Adecoagro by 57.9% in the second quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock valued at $123,000 after acquiring an additional 4,723 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Adecoagro in the fourth quarter valued at $123,000. Hsbc Holdings PLC acquired a new stake in Adecoagro in the second quarter valued at $162,000. Finally, State of Wyoming boosted its stake in Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.