Adecoagro (NYSE:AGRO) Shares Gap Down to $11.55

Shares of Adecoagro S.A. (NYSE:AGRO) gapped down prior to trading on Tuesday . The stock had previously closed at $11.55, but opened at $11.00. Adecoagro shares last traded at $11.00, with a volume of 205,860 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America lowered their target price on Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.50 to $11.50 in a report on Monday, July 1st. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.50 to $12.50 in a report on Tuesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Adecoagro presently has an average rating of “Hold” and an average target price of $12.63.

Adecoagro Trading Down 4.6 %

The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08. The company has a fifty day moving average price of $10.35 and a 200-day moving average price of $10.33. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The firm had revenue of $411.42 million for the quarter. On average, equities research analysts predict that Adecoagro S.A. will post 1.53 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

Several large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Adecoagro during the second quarter valued at about $42,000. Quarry LP lifted its position in Adecoagro by 259.4% in the second quarter. Quarry LP now owns 7,598 shares of the company’s stock worth $74,000 after purchasing an additional 5,484 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Adecoagro in the 1st quarter valued at $128,000. BigSur Wealth Management LLC bought a new position in shares of Adecoagro during the 2nd quarter worth about $175,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Adecoagro in the first quarter valued at about $176,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Company Profile

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.