AGCO Co. (NYSE:AGCO) Receives Consensus Rating of “Hold” from Brokerages

Shares of AGCO Co. (NYSE:AGCO) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $113.18.

Several analysts recently issued reports on AGCO shares. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Citigroup boosted their target price on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday. Truist Financial raised their target price on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group decreased their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday.

AGCO Price Performance

Shares of NYSE:AGCO opened at $98.10 on Wednesday. The company has a market capitalization of $7.32 billion, a P/E ratio of 43.41, a P/E/G ratio of 0.55 and a beta of 1.24. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The firm’s 50 day simple moving average is $97.54 and its two-hundred day simple moving average is $96.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last released its 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). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm posted $3.97 EPS. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. Research analysts expect that AGCO will post 7.36 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is 51.33%.

Institutional Trading of AGCO

Several hedge funds and other institutional investors have recently bought and sold shares of AGCO. Forum Financial Management LP increased its position in AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 109 shares during the last quarter. Capital Insight Partners LLC grew its stake in AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 110 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 117 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of AGCO by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 126 shares during the period. Finally, Farther Finance Advisors LLC increased its position in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 139 shares during the period. Hedge funds and other 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.