AGCO (NYSE:AGCO – Get Free Report) had its price target raised by Oppenheimer from $108.00 to $109.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price suggests a potential upside of 4.69% from the company’s previous close.
A number of other brokerages have also weighed in on AGCO. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Citigroup lowered their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley assumed coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.20.
Check Out Our Latest Report on AGCO
AGCO Trading Down 0.8 %
AGCO (NYSE:AGCO – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $3.97 earnings per share. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. Analysts expect that AGCO will post 7.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of AGCO during the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its stake in 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 holdings in shares of AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after buying an additional 210 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after buying an additional 139 shares during the period. Finally, LRI Investments LLC increased its position in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 170 shares in the last quarter. 78.80% of the stock is 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.
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