At the time of writing, Adecoagro S.A. [AGRO] stock is trading at $11.88, up 7.90%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AGRO shares have gain 7.90% over the last week, with a monthly amount glided 17.51%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Beating all-time records; Adjusted EBITDA was $476.6 million in 2023, 10.1% higher YoY, while NCFO increased 24.5% YoY to $175.9 million. In a post published today on Yahoo Finance, Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), a leading sustainable production company in South America, announced today its results for the fourth quarter ended December 31, 2023. The financial information contained in this press release is based on consolidated financial statements presented in US dollars and prepared in accordance with International Financial Reporting Standards (IFRS) except for Non – IFRS measures. Please refer to page 27 for a definition and reconciliation to IFRS of the Non – IFRS measures used in this earnings release.
From an analyst’s perspective:
Adecoagro S.A. [NYSE: AGRO] stock has seen the most recent analyst activity on December 08, 2023, when JP Morgan downgraded its rating to a Underweight. Previously, BofA Securities upgraded its rating to Buy on December 05, 2023. On October 02, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $12 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $12.50 on September 06, 2023. Morgan Stanley upgraded its rating to a Overweight. Morgan Stanley upgraded its rating to Equal-Weight for this stock on July 17, 2023, and upped its price target to $13. In a note dated February 08, 2023, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $10 to $9.
For the past year, the stock price of Adecoagro S.A. fluctuated between $7.89 and $12.51. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Adecoagro S.A. [NYSE: AGRO] shares were valued at $11.88 at the most recent close of the market. An investor can expect a potential drop of -3.2% based on the average AGRO price forecast.
Analyzing the AGRO fundamentals
According to Adecoagro S.A. [NYSE:AGRO], the company’s sales were 1.28B for trailing twelve months, which represents an 5.45% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.37 points at the first support level, and at 10.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.17, and for the 2nd resistance point, it is at 12.46.
Adecoagro S.A. [AGRO] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of -$0.04 and a surprise factor of -20.00%.
Ratios To Look Out For
It is important to note that Adecoagro S.A. [NYSE:AGRO] has a current ratio of 1.89. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 8.71.
