UBS Group Lowers Adecoagro (NYSE:AGRO) Price Target to $8.00

Adecoagro (NYSE:AGRO) had its target price lowered by investment analysts at UBS Group from $8.50 to $8.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential downside of 4.02% from the stock’s current price.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Adecoagro in a report on Monday. They issued an “underweight” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average price target of $8.83.

Adecoagro Stock Performance

Shares of NYSE AGRO opened at $8.34 on Tuesday. The stock’s 50-day moving average is $7.89 and its 200 day moving average is $8.61. The stock has a market cap of $833.42 million, a price-to-earnings ratio of 36.24 and a beta of 0.44. Adecoagro has a 1-year low of $7.42 and a 1-year high of $11.78. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.00 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. The business had revenue of $304.21 million during the quarter. On average, sell-side analysts anticipate that Adecoagro will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming purchased a new position in shares of Adecoagro during the first quarter valued at about $133,000. Jeppson Wealth Management LLC bought a new stake in Adecoagro during the 3rd quarter valued at approximately $124,000. R Squared Ltd grew its holdings in shares of Adecoagro by 61.1% during the 3rd quarter. R Squared Ltd now owns 22,302 shares of the company’s stock worth $175,000 after acquiring an additional 8,462 shares during the period. Aristides Capital LLC purchased a new position in shares of Adecoagro during the 1st quarter worth approximately $295,000. Finally, Quantbot Technologies LP raised its position in shares of Adecoagro by 5.8% in the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock worth $300,000 after acquiring an additional 1,481 shares in the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

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.