AGCO (NYSE:AGCO) PT Raised to $100.00

AGCO (NYSE:AGCO) had its price objective raised by analysts at Citigroup from $88.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 2.95% from the company’s current price.

Other analysts also recently issued reports about the stock. UBS Group decreased their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Truist Financial raised their target price on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group reduced their price target on AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Oppenheimer lowered their price objective on AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $119.00.

AGCO Stock Up 2.2 %

AGCO traded up $2.05 during trading on Wednesday, reaching $97.13. 362,935 shares of the stock traded hands, compared to its average volume of 767,790. The stock’s 50-day simple moving average is $91.37 and its two-hundred day simple moving average is $102.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. AGCO has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.25.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period last year, the business earned $4.29 earnings per share. As a group, equities research analysts expect that AGCO will post 8 EPS for the current year.

Insider Buying and Selling at AGCO

In other AGCO news, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael C. Arnold acquired 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the acquisition, the director now owns 20,465 shares in the company, valued at $1,794,575.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

Institutional Trading of AGCO

Several institutional investors have recently modified their holdings of the company. Forum Financial Management LP raised its stake in shares of AGCO by 5.5% in the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 109 shares in the last quarter. Manchester Capital Management LLC increased its holdings in AGCO by 93.2% in the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after buying an additional 110 shares during the period. Capital Insight Partners LLC raised its stake in shares of AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock valued at $431,000 after buying an additional 110 shares in the last quarter. Stonehearth Capital Management LLC lifted its holdings in shares of AGCO by 6.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 1,778 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 113 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its position in shares of AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About AGCO

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.