Adecoagro (NYSE:AGRO) Shares Gap Down – Should You Sell?

Adecoagro S.A. (NYSE:AGRO) gapped down prior to trading on Tuesday . The stock had previously closed at $15.25, but opened at $14.69. Adecoagro shares last traded at $15.7390, with a volume of 285,681 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Citigroup assumed coverage on Adecoagro in a research report on Monday, February 16th. They set a “buy” rating for the company. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a report on Friday, January 9th. Truist Financial set a $9.00 target price on Adecoagro in a research note on Friday, January 9th. Finally, UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and upped their price target for the company from $8.00 to $16.20 in a report on Monday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.84.

Adecoagro Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $10.14 and a two-hundred day simple moving average of $8.71. The company has a market cap of $1.59 billion, a PE ratio of -197.23, a PEG ratio of 0.29 and a beta of 0.44.

Adecoagro (NYSE:AGRO) last announced its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. Equities analysts predict that Adecoagro S.A. will post 1.24 EPS for the current year.

Insider Transactions at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer owned 897,249 shares in the company, valued at $13,010,110.50. The trade was a 10.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Adecoagro

Large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Adecoagro during the 4th quarter worth approximately $147,000. Tudor Investment Corp ET AL boosted its stake in shares of Adecoagro by 134.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company’s stock valued at $699,000 after buying an additional 50,464 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in Adecoagro during the fourth quarter worth $939,000. Quadrature Capital Ltd purchased a new position in Adecoagro in the fourth quarter worth $123,000. Finally, Millennium Management LLC lifted its holdings in Adecoagro by 240.9% in the fourth quarter. Millennium Management LLC now owns 276,376 shares of the company’s stock valued at $2,192,000 after acquiring an additional 195,308 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

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.