AGCO Co. (NYSE:AGCO) Receives $108.10 Consensus PT from Analysts

Shares of AGCO Co. (NYSE:AGCO) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $108.10.

AGCO has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Citigroup boosted their price objective on AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Truist Financial raised their target price on shares of AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley assumed coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock.

AGCO Stock Performance

Shares of AGCO stock opened at $91.73 on Friday. The stock has a 50-day moving average of $95.54 and a 200-day moving average of $95.09. AGCO has a one year low of $84.35 and a one year high of $130.26. The stock has a market cap of $6.85 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm 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 posted $3.97 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, sell-side analysts expect that AGCO will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.26%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Institutional Trading of AGCO

Several institutional investors and hedge funds have recently bought and sold shares of AGCO. Dimensional Fund Advisors LP grew its stake in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after buying an additional 335,092 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after purchasing an additional 538,955 shares during the period. State Street Corp increased its stake in shares of AGCO by 4.3% during the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after purchasing an additional 80,846 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after purchasing an additional 66,303 shares during the period. Finally, AQR Capital Management LLC grew its holdings in AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after buying an additional 605,509 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

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.