Adecoagro (NYSE:AGRO) Stock Price Down 3.5% – What’s Next?

Adecoagro S.A. (NYSE:AGRO)’s stock price traded down 3.5% during trading on Tuesday . The company traded as low as $10.82 and last traded at $10.8660. Approximately 163,393 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,088,024 shares. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AGRO shares. Weiss Ratings cut shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.12.

Adecoagro Price Performance

The stock has a market capitalization of $1.56 billion, a P/E ratio of 33.03 and a beta of -0.04. The firm has a 50-day moving average price of $9.87 and a 200 day moving average price of $11.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.73.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The company had revenue of $538.50 million for the quarter, compared to the consensus estimate of $602.01 million. On average, analysts expect that Adecoagro S.A. will post 1.42 EPS for the current year.

Institutional Investors Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC purchased a new position in shares of Adecoagro in the fourth quarter worth $88,000. Van ECK Associates Corp grew its holdings in Adecoagro by 57.9% during the second quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock valued at $123,000 after purchasing an additional 4,723 shares during the period. Quadrature Capital Ltd bought a new stake in Adecoagro during the 4th quarter worth approximately $123,000. Hsbc Holdings PLC bought a new stake in Adecoagro during the 2nd quarter valued at approximately $162,000. Finally, State of Wyoming boosted its position in shares of 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. 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.