Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Adecoagro SA (NYSE: AGRO) weakened of late. AGRO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Adecoagro SA (NYSE: AGRO) stock enjoyed a very large increase of 8.5% on 8/9/24. The shares closed at $10.31. Moreover, exceptionally high trading volume at 312% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 9.9% during the last week.
Current PriceTarget Research Rating
AGRO is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Adecoagro has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Adecoagro has a very high Appreciation Score of 88 but a slightly negative Power Rating of 33, triggering the High Neutral Value Trend Rating.
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