AGCO (NYSE:AGCO) Lowered to Sell Rating by StockNews.com

AGCO (NYSE:AGCO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other equities research analysts have also commented on the company. Oppenheimer decreased their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. BMO Capital Markets began coverage on AGCO in a research report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. Citigroup raised their price objective on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Truist Financial lifted their price target on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.40.

AGCO Trading Up 2.1 %

Shares of AGCO opened at $101.46 on Thursday. The business’s 50-day moving average price is $96.82 and its 200 day moving average price is $97.29. The stock has a market capitalization of $7.57 billion, a P/E ratio of 44.89, a P/E/G ratio of 0.57 and a beta of 1.25. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company 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 period in the prior year, the business posted $3.97 EPS. Analysts expect that AGCO will post 7.34 earnings per share for the current year.

Institutional Investors Weigh In On AGCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in AGCO in the 3rd quarter worth approximately $29,000. LRI Investments LLC lifted its holdings in shares of AGCO by 94.3% during the second quarter. LRI Investments LLC now owns 340 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of AGCO by 102.4% during the second 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 boosted its position in shares of AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after acquiring 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.