Adecoagro (NYSE:AGRO) Trading Down 4.6% – Should You Sell?

Adecoagro S.A. (NYSE:AGRO)’s share price dropped 4.6% on Monday . The stock traded as low as $9.46 and last traded at $9.5070. 354,530 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,099,247 shares. The stock had previously closed at $9.97.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th. Finally, Citigroup downgraded Adecoagro from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $12.12.

Adecoagro Trading Up 2.2%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 469.98 and a beta of -0.04. The company’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $11.18.

Adecoagro (NYSE:AGRO) last issued its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. The company had revenue of $419.44 million for the quarter, compared to analyst estimates of $408.94 million. Research analysts expect that Adecoagro S.A. will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AGRO. Bank of America Corp DE grew its stake in shares of Adecoagro by 1,328.8% in the 1st quarter. Bank of America Corp DE now owns 78,542 shares of the company’s stock valued at $1,180,000 after buying an additional 73,045 shares in the last quarter. Amundi acquired a new stake in Adecoagro in the first quarter valued at approximately $1,436,000. Lazard Asset Management LLC lifted its stake in Adecoagro by 4.4% in the first quarter. Lazard Asset Management LLC now owns 197,265 shares of the company’s stock valued at $2,963,000 after acquiring an additional 8,341 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in Adecoagro in the first quarter worth approximately $407,000. Finally, Hsbc Holdings PLC bought a new position in shares of Adecoagro during the 1st quarter valued at $509,000. 45.25% of the stock is owned by institutional investors and hedge funds.

About Adecoagro

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.