Oppenheimer Issues Positive Forecast for AGCO (NYSE:AGCO) Stock Price

AGCO (NYSE:AGCO) had its price objective boosted by Oppenheimer from $132.00 to $136.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on AGCO. Weiss Ratings upgraded AGCO from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 14th. Wells Fargo & Company set a $132.00 price target on AGCO in a research report on Monday, February 9th. Truist Financial lifted their price target on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Barclays lifted their price target on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Finally, Citigroup lifted their price target on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $123.09.

AGCO Stock Performance

NYSE:AGCO opened at $118.14 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67. The business has a fifty day simple moving average of $123.44 and a two-hundred day simple moving average of $114.25. AGCO has a 1 year low of $81.84 and a 1 year high of $143.78. The company has a market capitalization of $8.55 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.85 and a beta of 1.16.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the business posted $1.97 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, analysts expect that AGCO will post 5.74 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, the senior vice president directly owned 16,844 shares in the company, valued at $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGCO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. grew its position in AGCO by 520.4% during the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after buying an additional 30,030 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in AGCO during the third quarter worth about $1,126,000. SG Americas Securities LLC grew its position in AGCO by 2,167.4% during the fourth quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock worth $16,410,000 after buying an additional 150,371 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in AGCO during the third quarter worth about $844,000. Finally, WINTON GROUP Ltd purchased a new position in AGCO during the third quarter worth about $4,873,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.