Research Analysts’ Recent Ratings Updates for AGCO (AGCO)

AGCO (NYSE: AGCO) has recently received a number of price target changes and ratings updates:

• 12/19/2024 – AGCO was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/19/2024 – AGCO had its price target raised by analysts at Truist Financial Co. from $110.00 to $116.00. They now have a “buy” rating on the stock.
• 12/11/2024 – AGCO was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/9/2024 – AGCO had its price target raised by analysts at Citigroup Inc. from $95.00 to $100.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – AGCO is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $101.00 price target on the stock.
• 11/28/2024 – AGCO was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/20/2024 – AGCO was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/12/2024 – AGCO was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/6/2024 – AGCO had its price target lowered by analysts at Oppenheimer Holdings Inc. from $131.00 to $111.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – AGCO had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $112.00 to $99.00. They now have a “neutral” rating on the stock.

AGCO Stock Performance

Shares of NYSE AGCO opened at $94.02 on Thursday. The firm’s fifty day moving average is $97.03 and its two-hundred day moving average is $95.78. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $130.26. 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 company has a market cap of $7.02 billion, a P/E ratio of 41.60, a P/E/G ratio of 0.56 and a beta of 1.24.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business posted $3.97 EPS. The business’s quarterly revenue was down 24.8% on a year-over-year basis. As a group, analysts anticipate that AGCO Co. will post 7.36 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, November 15th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Institutional Trading of AGCO

Hedge funds have recently bought and sold shares of the business. Forum Financial Management LP lifted its stake in AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 109 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after buying an additional 117 shares during the period. Oppenheimer & Co. Inc. grew its position in AGCO by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 126 shares during the last quarter. Farther Finance Advisors LLC increased its position in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Finally, Hodges Capital Management Inc. increased its holdings in AGCO by 0.8% in the second quarter. Hodges Capital Management Inc. now owns 17,520 shares of the industrial products company’s stock valued at $1,715,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.