Adecoagro (NYSE:AGRO) Reaches New 52-Week Low – Should You Sell?

Adecoagro S.A. (NYSE:AGRO) hit a new 52-week low during trading on Friday . The company traded as low as $7.89 and last traded at $7.91, with a volume of 598118 shares trading hands. The stock had previously closed at $8.05.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. UBS Group decreased their target price on Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, September 3rd. Finally, Wall Street Zen cut Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $9.60.

Adecoagro Price Performance

The company has a 50 day moving average of $8.80 and a 200-day moving average of $9.56. The firm has a market capitalization of $790.42 million, a P/E ratio of 22.59 and a beta of 0.65. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, August 18th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). The firm had revenue of $405.66 million during 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%. On average, sell-side analysts predict that Adecoagro S.A. will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP raised its holdings in Adecoagro by 5.8% in the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock valued at $300,000 after acquiring an additional 1,481 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Adecoagro by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock worth $1,216,000 after buying an additional 1,823 shares in the last quarter. Lazard Asset Management LLC raised its holdings 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 buying an additional 2,794 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Adecoagro by 15.8% during the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock worth $282,000 after buying an additional 4,089 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

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.