Analysts Set AGCO Co. (NYSE:AGCO) Target Price at $114.40

AGCO Co. (NYSE:AGCO) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $114.40.

Several equities research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target for the company. Robert W. Baird reduced their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer lowered their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. 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 note on Wednesday, November 6th.

Hedge Funds Weigh In On AGCO

Several large investors have recently added to or reduced their stakes in AGCO. Pacer Advisors Inc. lifted its stake in AGCO by 103.5% in the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after buying an additional 799,429 shares during the last quarter. Vanguard Group Inc. lifted its position in AGCO by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares during the last quarter. AQR Capital Management LLC grew its position in AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after purchasing an additional 605,509 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of AGCO by 28.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after purchasing an additional 391,591 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of AGCO opened at $94.44 on Friday. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a 50 day moving average of $95.94 and a two-hundred day moving average of $98.18. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 41.74, a price-to-earnings-growth ratio of 0.53 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 the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.97 earnings per share. As a group, analysts predict that AGCO will post 7.32 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.23%. AGCO’s dividend payout ratio is presently 51.33%.

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.