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

Shares of AGCO Co. (NYSE:AGCO) have been given an average rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $107.20.

AGCO has been the topic of several recent research reports. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Oppenheimer boosted their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Morgan Stanley started coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Finally, Citigroup decreased their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.

Hedge Funds Weigh In On AGCO

Several hedge funds and other institutional investors have recently bought and sold shares of AGCO. Brooklyn Investment Group bought a new position in shares of AGCO in the 3rd quarter worth approximately $29,000. Allworth Financial LP increased its stake in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after buying an additional 220 shares during the period. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% during 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 during the period. Venturi Wealth Management LLC increased its stake in shares of AGCO by 132.9% during 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. Finally, Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 139 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO opened at $100.63 on Thursday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 1.03 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The business has a 50 day moving average of $97.73 and a 200-day moving average of $95.46.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO’s revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the business earned $3.97 EPS. On average, equities research analysts expect that AGCO will post 7.33 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is currently 51.33%.

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.