AGCO (NYSE:AGCO) Given New $111.00 Price Target at JPMorgan Chase & Co.

AGCO (NYSE:AGCO) had its target price raised by research analysts at JPMorgan Chase & Co. from $102.00 to $111.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 14.01% from the stock’s previous close.

A number of other research analysts also recently commented on AGCO. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley began coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. Oppenheimer cut their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Citigroup decreased their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $107.20.

AGCO Stock Performance

AGCO opened at $97.36 on Wednesday. The business’s 50-day simple moving average is $95.09 and its 200 day simple moving average is $94.87. AGCO has a 52-week low of $84.35 and a 52-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 firm has a market capitalization of $7.27 billion, a PE ratio of 43.08, a PEG ratio of 0.56 and a beta of 1.25.

AGCO (NYSE:AGCO) 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 analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company earned $3.97 EPS. 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 fiscal year.

Institutional Trading of AGCO

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of AGCO in the third quarter valued at approximately $29,000. Venturi Wealth Management LLC increased its stake in 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 during the period. Farther Finance Advisors LLC increased its stake in AGCO by 50.2% during 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 period. LRI Investments LLC lifted its position in shares of AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 170 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 117 shares during the period. 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.