AGCO (NYSE:AGCO) Given New $154.00 Price Target at Oppenheimer

AGCO (NYSE:AGCO) had its target price boosted by stock analysts at Oppenheimer from $153.00 to $154.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target indicates a potential upside of 32.48% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Truist Financial began coverage on AGCO in a research report on Thursday, March 14th. They set a “buy” rating and a $142.00 target price on the stock. JPMorgan Chase & Co. increased their price target on AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Stifel Nicolaus lowered their price target on AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. Finally, StockNews.com lowered AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.50.

AGCO Price Performance

Shares of NYSE:AGCO opened at $116.24 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. AGCO has a twelve month low of $105.77 and a twelve month high of $140.46. The stock’s 50 day moving average is $115.43 and its 200-day moving average is $117.12. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 0.68 and a beta of 1.31.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the previous year, the company earned $4.47 earnings per share. AGCO’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that AGCO will post 13.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Baker Ellis Asset Management LLC grew its stake in AGCO by 1.0% in the 1st quarter. Baker Ellis Asset Management LLC now owns 36,598 shares of the industrial products company’s stock valued at $4,502,000 after purchasing an additional 365 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in AGCO by 17.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,785 shares of the industrial products company’s stock valued at $343,000 after purchasing an additional 423 shares during the period. First Dallas Securities Inc. grew its stake in AGCO by 15.8% in the 1st quarter. First Dallas Securities Inc. now owns 3,705 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 505 shares during the period. Capital Insight Partners LLC grew its stake in AGCO by 42.3% in the 1st quarter. Capital Insight Partners LLC now owns 4,291 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 1,276 shares during the period. Finally, Gateway Investment Advisers LLC bought a new position in AGCO in the 1st quarter valued at $245,000. Institutional investors own 78.80% of the company’s stock.

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.