AGCO Co. (NYSE:AGCO) Receives Consensus Rating of “Hold” from Analysts

AGCO Co. (NYSE:AGCOGet Free Report) has been given a consensus rating of “Hold” by the eleven analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $107.20.

Several equities analysts have issued reports on AGCO shares. Oppenheimer upped their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Citigroup lowered their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

View Our Latest Stock Report on AGCO

AGCO Stock Performance

NYSE:AGCO opened at $104.12 on Thursday. AGCO has a fifty-two week low of $84.35 and a fifty-two 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 50 day moving average price of $97.45 and a 200 day moving average price of $95.45. The stock has a market capitalization of $7.77 billion, a P/E ratio of 46.07, a PEG ratio of 1.03 and a beta of 1.25.

AGCO (NYSE:AGCOGet Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (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 company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business posted $3.97 earnings per share. The firm’s revenue was down 24.8% on a year-over-year basis. Equities research analysts forecast that AGCO will post 7.33 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. AGCO’s dividend payout ratio is currently 51.33%.

Institutional Trading of AGCO

Several hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new stake in AGCO during the third quarter worth approximately $29,000. UMB Bank n.a. increased its holdings in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 210 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 139 shares during the last quarter. Finally, LRI Investments LLC boosted its position in shares of AGCO by 50.0% in the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Institutional investors own 78.80% of the company’s stock.

About AGCO

(Get Free Report

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.

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Analyst Recommendations for AGCO (NYSE:AGCO)

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