Adecoagro S.A. (NYSE: AGRO) stock jumped 1.82% on Tuesday to $8.97 against a previous-day closing price of $8.81. With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $9.10 whereas the lowest price it dropped to was $8.78. The 52-week range on AGRO shows that it touched its highest point at $11.50 and its lowest point at $6.95 during that stretch. It currently has a 1-year price target of $10.31. With its current market cap of 951.72 million, AGRO has annualized dividend of $0.33 while the current yield stands at 3.62%. Beta for the stock currently stands at 0.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AGRO was up-trending over the past week, with a rise of 3.82%, but this was up by 10.47% over a month. Three-month performance surged to 10.88% while six-month performance rose 12.27%. The stock lost -11.45% in the past year, while it has gained 8.20% so far this year. A look at the trailing 12-month EPS for AGRO yields 0.60 with Next year EPS estimates of 0.85. For the next quarter, that number is 0.20. This implies an EPS growth rate of -13.30% for this year and 23.91% for next year. EPS is expected to decline by -0.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 55.40%.
Float and Shares Shorts:
At present, 107.84 million AGRO shares are outstanding with a float of 107.19 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.89 million, which was 1.76% higher than short shares on Mar 30, 2023. In addition to Mr. Mariano Bosch as the firm’s Co-Founder, CEO & Director, Mr. Ezequiel Garbers serves as its Co-Founder and Country Mang. of Argentina & Uruguay.
Through their ownership of 73.04% of AGRO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.67% of AGRO, in contrast to 16.22% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AGRO with 14.77% of the stake, Qatar Investment Authority holds 15,983,265 shares worth 15,983,265. A second-largest stockholder of AGRO, PGGM Vermogensbeheer BV, holds 15,381,385 shares, controlling over 14.22% of the firm’s shares. Route One Investment Co. LP is the third largest shareholder in AGRO, holding 13,116,844 shares or 12.12% stake. With a 2.67% stake in AGRO, the PGIM Jennison Small Company Fund is the largest stakeholder. A total of 2,882,891 shares are owned by the mutual fund manager. The GMO Resources Fund, which owns about 1.90% of AGRO stock, is the second-largest Mutual Fund holder. It holds 2,059,375 shares valued at 17.42 million. BNY Mellon Natural Resources Fund holds 1.57% of the stake in AGRO, owning 1,703,253 shares worth 14.41 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AGRO reported revenue of $383.67M and operating income of $60.42M. The EBITDA in the recently reported quarter was $149.17M and diluted EPS was $0.17.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGRO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AGRO analysts setting a high price target of $13.00 and a low target of $8.10, the average target price over the next 12 months is $10.23. Based on these targets, AGRO could surge 44.93% to reach the target high and fall by -9.7% to reach the target low. Reaching the average price target will result in a growth of 14.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.