AGCO Co. (NYSE:AGCO) Receives Consensus Recommendation of “Hold” from Analysts

AGCO Co. (NYSE:AGCO) has earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $104.60.

A number of brokerages recently issued reports on AGCO. JPMorgan Chase & Co. upped their target price on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Finally, Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th.

Institutional Trading of AGCO

Several hedge funds have recently modified their holdings of AGCO. Wealth Enhancement Advisory Services LLC raised its position in AGCO by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,754 shares of the industrial products company’s stock worth $538,000 after acquiring an additional 243 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of AGCO during the 4th quarter worth $9,086,000. Great Valley Advisor Group Inc. increased its holdings in shares of AGCO by 8.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 36,567 shares of the industrial products company’s stock valued at $3,418,000 after purchasing an additional 2,747 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of AGCO in the fourth quarter valued at about $3,031,000. Finally, Vise Technologies Inc. purchased a new stake in AGCO during the fourth quarter worth about $294,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO stock opened at $98.85 on Friday. The firm has a market capitalization of $7.37 billion, a P/E ratio of -17.37, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO has a 52 week low of $84.35 and a 52 week high of $125.76. The firm’s 50 day moving average is $98.72 and its two-hundred day moving average is $96.86.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Research analysts forecast that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s payout ratio is -20.39%.

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.