AGCO Co. (NYSE:AGCO) Given Consensus Rating of “Hold” by Analysts

Shares of AGCO Co. (NYSE:AGCO) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $117.80.

AGCO has been the subject of a number of research analyst reports. Raymond James initiated coverage on shares of AGCO in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Truist Financial boosted their target price on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st.

AGCO Stock Down 3.1 %

Shares of NYSE AGCO opened at $98.62 on Tuesday. The stock has a market cap of $7.36 billion, a PE ratio of 6.67, a PEG ratio of 0.91 and a beta of 1.25. 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 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The business has a fifty day moving average of $93.28 and a two-hundred day moving average of $101.21.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (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 analyst estimates of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $4.29 EPS. As a group, equities research analysts expect that AGCO will post 8 earnings per share for the current fiscal year.

Insider Activity at AGCO

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

Institutional Investors Weigh In On AGCO

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. bought a new position in shares of AGCO during the first quarter valued at about $54,000. Global Assets Advisory LLC purchased a new stake in shares of AGCO during the first quarter valued at approximately $1,642,000. Gateway Investment Advisers LLC bought a new position in shares of AGCO in the first quarter worth approximately $245,000. Capital Insight Partners LLC increased its stake in shares of AGCO by 42.3% in the first quarter. Capital Insight Partners LLC now owns 4,291 shares of the industrial products company’s stock worth $528,000 after buying an additional 1,276 shares during the period. Finally, First Dallas Securities Inc. raised its holdings in AGCO by 15.8% during the 1st quarter. First Dallas Securities Inc. now owns 3,705 shares of the industrial products company’s stock valued at $456,000 after buying an additional 505 shares during the last quarter. Hedge funds and other 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.