Analysts Set AGCO Co. (NYSE:AGCO) Price Target at $117.80

AGCO Co. (NYSE:AGCO) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $117.80.

Several analysts recently commented on the stock. Robert W. Baird cut their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Truist Financial raised their price objective on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets initiated coverage on AGCO in a report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Oppenheimer decreased their price target on AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd.

AGCO Stock Up 0.5 %

AGCO opened at $100.07 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The company has a market capitalization of $7.47 billion, a PE ratio of 6.77, a P/E/G ratio of 0.91 and a beta of 1.25. The stock’s fifty day moving average is $94.05 and its 200-day moving average is $101.02. AGCO has a one year low of $84.35 and a one year high of $130.26.

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

Insider Activity

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

Institutional Investors Weigh In On AGCO

Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in AGCO by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 16,802 shares of the industrial products company’s stock valued at $1,643,000 after acquiring an additional 485 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of AGCO during the 3rd quarter valued at $252,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of AGCO by 58.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 836 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 308 shares during the last quarter. Shayne & Jacobs LLC lifted its stake in shares of AGCO by 42.7% in the 3rd quarter. Shayne & Jacobs LLC now owns 22,380 shares of the industrial products company’s stock valued at $2,190,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in AGCO in the third quarter worth $247,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.