AGCO Co. (NYSE:AGCO) Receives Average Recommendation of “Hold” from Analysts

AGCO Co. (NYSE:AGCO) has received a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $113.18.

Several equities analysts recently issued reports on AGCO shares. Morgan Stanley initiated coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Oppenheimer dropped their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Citigroup raised their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday. The Goldman Sachs Group dropped their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently bought and sold shares of AGCO. Brooklyn Investment Group acquired a new position in shares of AGCO during the 3rd quarter worth approximately $29,000. LRI Investments LLC lifted its holdings in AGCO by 94.3% during the second quarter. LRI Investments LLC now owns 340 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Blue Trust Inc. lifted its holdings in AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 174 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Trading Down 1.6 %

AGCO stock opened at $98.10 on Wednesday. AGCO has a one year low of $84.35 and a one year high of $130.26. The stock has a market cap of $7.32 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a 50-day moving average of $97.54 and a two-hundred day moving average of $96.47.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $3.97 earnings per share. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, research analysts anticipate that AGCO will post 7.36 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. AGCO’s dividend payout ratio is presently 51.33%.

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.