AGCO (NYSE:AGCO) PT Raised to $127.00 at Truist Financial

AGCO (NYSE:AGCO) had its price objective upped by stock analysts at Truist Financial from $118.00 to $127.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target would suggest a potential upside of 29.70% from the company’s previous close.

A number of other research firms have also recently commented on AGCO. Robert W. Baird cut their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer reduced their price target on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. StockNews.com cut shares of AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Citigroup initiated coverage on shares of AGCO in a research report on Wednesday, June 26th. They set a “neutral” rating and a $108.00 target price for the company. Finally, BMO Capital Markets began coverage on AGCO in a report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $119.00.

AGCO Stock Up 0.8 %

Shares of NYSE AGCO opened at $97.92 on Wednesday. The firm has a fifty day simple moving average of $91.55 and a two-hundred day simple moving average of $102.50. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $7.31 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.25. AGCO has a 12 month low of $84.35 and a 12 month high of $130.26.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.29 EPS. Equities analysts expect that AGCO will post 8 earnings per share for the current year.

Insider Transactions at AGCO

In other news, Director Michael C. Arnold acquired 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $87.69 per share, with a total value of $157,842.00. Following the acquisition, the director now directly owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Lange Bob De purchased 1,420 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael C. Arnold purchased 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $87.69 per share, with a total value of $157,842.00. Following the completion of the purchase, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On AGCO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. FinTrust Capital Advisors LLC lifted its stake in shares of AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in AGCO by 93.2% in the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. LRI Investments LLC acquired a new stake in AGCO during the 1st quarter worth about $30,000. Blue Trust Inc. lifted its holdings in AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 174 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after buying an additional 167 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

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.