What Will Happen to Adecoagro S.A. (AGRO) Next? The Stock Just Reaches Yearly Low

March 28, 2018 - By Vivian Park

The stock of Adecoagro S.A. (NYSE:AGRO) hit a new 52-week low and has $6.82 target or 8.00 % below today’s $7.41 share price. The 9 months bearish chart indicates high risk for the $877.51M company. The 1-year low was reported on Mar, 28 by Barchart.com. If the $6.82 price target is reached, the company will be worth $70.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.40% or $0.03 during the last trading session, reaching $7.41. About 214,442 shares traded. Adecoagro S.A. (NYSE:AGRO) has declined 35.92% since March 28, 2017 and is downtrending. It has underperformed by 47.47% the S&P500.

Adecoagro S.A. (NYSE:AGRO) Ratings Coverage

Among 3 analysts covering Adecoagro S.A. (NYSE:AGRO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Adecoagro S.A. has $15 highest and $12.50 lowest target. $13.75’s average target is 85.56% above currents $7.41 stock price. Adecoagro S.A. had 4 analyst reports since September 28, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, September 28 by JP Morgan. The firm has “Buy” rating given on Tuesday, December 15 by Bank of America. Morgan Stanley maintained the stock with “Overweight” rating in Monday, November 23 report.

Adecoagro S.A., an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company has market cap of $877.51 million. The firm is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties. It has a 90.37 P/E ratio. It also engages in planting, harvesting, processing, and marketing rice; and producing and selling fluid milk and other dairy products.

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