AGCO Co. (NYSE:AGCO) Receives $108.10 Average Price Target from Analysts

AGCO Co. (NYSE:AGCO) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $108.10.

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Truist Financial lifted their target price on AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Oppenheimer cut their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citigroup raised their price objective on AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Finally, Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company.

Institutional Trading of AGCO

Several hedge funds have recently modified their holdings of AGCO. M&T Bank Corp boosted its position in AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after buying an additional 48,198 shares during the last quarter. Royal London Asset Management Ltd. increased its position in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after purchasing an additional 12,328 shares during the period. Stratos Wealth Advisors LLC raised its holdings in AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after purchasing an additional 5,069 shares during the last quarter. Principal Financial Group Inc. lifted its position in AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of AGCO by 150.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock valued at $1,624,000 after purchasing an additional 9,956 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO opened at $91.73 on Friday. The stock has a 50-day moving average of $95.54 and a 200-day moving average of $95.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a 52-week low of $84.35 and a 52-week high of $130.26. The company has a market cap of $6.85 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.97 earnings per share. As a group, equities research analysts forecast that AGCO will post 7.36 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were given a $0.29 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. AGCO’s dividend payout ratio (DPR) is presently 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.