AGCO Co. (NYSE:AGCO) Given Consensus Recommendation of “Hold” by Brokerages

AGCO Co. (NYSE:AGCO) has earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $104.60.

A number of research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Citigroup boosted their target price on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Truist Financial lifted their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $116.00 to $100.00 in a research report on Monday, March 3rd.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in AGCO by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,754 shares of the industrial products company’s stock valued at $538,000 after buying an additional 243 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of AGCO in the fourth quarter valued at $9,086,000. Great Valley Advisor Group Inc. raised its stake in shares of AGCO by 8.1% during the 4th quarter. Great Valley Advisor Group Inc. now owns 36,567 shares of the industrial products company’s stock valued at $3,418,000 after purchasing an additional 2,747 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in AGCO during the 4th quarter worth about $3,031,000. Finally, Vise Technologies Inc. purchased a new position in AGCO during the 4th quarter valued at about $294,000. Institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

Shares of NYSE AGCO opened at $94.50 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The firm’s 50-day simple moving average is $98.79 and its 200 day simple moving average is $96.62. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of -16.61, a PEG ratio of 1.80 and a beta of 1.24. AGCO has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, research analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

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.