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

Shares of 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on AGRO shares. Zacks Research cut shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a research report on Friday, January 9th. Citigroup started coverage on Adecoagro in a report on Monday, February 16th. They issued a “buy” rating for the company. UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and increased their target price for the company from $8.00 to $16.20 in a research note on Monday. Finally, Truist Financial set a $9.00 target price on Adecoagro in a report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $10.84.

Adecoagro Price Performance

The company’s 50 day simple moving average is $10.39 and its 200 day simple moving average is $8.80. 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 market cap of $1.48 billion, a P/E ratio of -185.23, a P/E/G ratio of 0.31 and a beta of 0.08.

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

Insider Transactions at Adecoagro

In other Adecoagro 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 completion of the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Adecoagro

A number of hedge funds have recently modified their holdings of AGRO. Goldman Sachs Group Inc. lifted its holdings in shares of Adecoagro by 48.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after purchasing an additional 28,275 shares in the last quarter. Jane Street Group LLC increased its stake in Adecoagro by 20.5% during the 1st quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock worth $2,112,000 after purchasing an additional 32,169 shares in the last quarter. Quantbot Technologies LP raised its holdings in Adecoagro by 113.8% during the 2nd quarter. Quantbot Technologies LP now owns 57,490 shares of the company’s stock worth $525,000 after buying an additional 30,602 shares during the period. Invesco Ltd. lifted its stake in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after buying an additional 212,685 shares in the last quarter. Finally, Pale Fire Capital SE acquired a new position in shares of Adecoagro in the second quarter valued at approximately $774,000. Institutional investors and hedge funds 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.