AGCO (NYSE:AGCO) Price Target Raised to $154.00 at Oppenheimer

AGCO (NYSE:AGCO) had its price objective increased by Oppenheimer from $153.00 to $154.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $145.00 to $150.00 and gave the stock an overweight rating in a report on Friday, April 12th. StockNews.com cut shares of AGCO from a buy rating to a hold rating in a report on Friday, February 9th. Stifel Nicolaus decreased their target price on shares of AGCO from $160.00 to $153.00 and set a buy rating for the company in a research report on Tuesday, December 19th. Finally, Truist Financial initiated coverage on shares of AGCO in a research report on Thursday, March 14th. They issued a buy rating and a $142.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $150.50.

AGCO Trading Down 0.8 %

NYSE AGCO opened at $117.07 on Tuesday. AGCO has a 12 month low of $105.77 and a 12 month high of $140.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. The company’s fifty day moving average price is $115.57 and its two-hundred day moving average price is $117.13.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company posted $4.47 earnings per share. As a group, research analysts predict that AGCO will post 13.03 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Wednesday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 7.42%.

Institutional Trading of AGCO

A number of institutional investors have recently added to or reduced their stakes in AGCO. First Dallas Securities Inc. lifted its stake in shares of AGCO by 15.8% in the first quarter. First Dallas Securities Inc. now owns 3,705 shares of the industrial products company’s stock worth $456,000 after buying an additional 505 shares during the last quarter. Capital Insight Partners LLC lifted its stake in shares of AGCO by 42.3% in the first quarter. Capital Insight Partners LLC now owns 4,291 shares of the industrial products company’s stock worth $528,000 after buying an additional 1,276 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of AGCO in the first quarter worth $245,000. Capital Advisors Wealth Management LLC lifted its stake in shares of AGCO by 35.5% in the first quarter. Capital Advisors Wealth Management LLC now owns 4,295 shares of the industrial products company’s stock worth $528,000 after buying an additional 1,126 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of AGCO in the first quarter worth $1,642,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.