AGCO (NYSE:AGCO) Stock Rating Upgraded by StockNews.com

AGCO (NYSE:AGCO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued research reports about the stock. UBS Group decreased their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Citigroup boosted their price target on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Robert W. Baird decreased their price target on shares of 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. reduced their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Barclays reduced their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Performance

Shares of AGCO stock opened at $89.48 on Tuesday. The firm has a fifty day moving average of $95.75 and a two-hundred day moving average of $98.61. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 0.51 and a beta of 1.25. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. 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 (NYSE:AGCO) last announced its quarterly earnings results 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). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $3.97 EPS. AGCO’s quarterly revenue was down 24.8% on a year-over-year basis. As a group, equities research analysts predict that AGCO will post 7.32 EPS for the current year.

Hedge Funds Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. Brooklyn Investment Group acquired a new position in shares of AGCO during the 3rd quarter worth about $29,000. LRI Investments LLC acquired a new position in shares of AGCO during the 1st quarter worth about $30,000. Blue Trust Inc. boosted its stake in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after buying an additional 174 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 210 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of AGCO by 69.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 167 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.