AGCO Co. (NYSE:AGCO) Given Consensus Recommendation of “Hold” by Analysts

Shares of AGCO Co. (NYSE:AGCO) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $108.10.

Several brokerages recently issued reports on AGCO. Citigroup raised their price objective on AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Truist Financial lifted their price target on shares of AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer dropped their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock.

Institutional Trading of AGCO

A number of hedge funds and other institutional investors have recently made changes to their positions in AGCO. Dimensional Fund Advisors LP increased its stake in shares of AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after acquiring an additional 335,092 shares during the period. Pacer Advisors Inc. raised its stake in shares of AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after buying an additional 538,955 shares in the last quarter. State Street Corp lifted its holdings in shares of AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after buying an additional 80,846 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after buying an additional 66,303 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after acquiring an additional 605,509 shares during the period. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of AGCO stock opened at $92.30 on Friday. The firm has a fifty day moving average of $95.92 and a two-hundred day moving average of $95.32. The firm has a market cap of $6.89 billion, a P/E ratio of 40.84, a P/E/G ratio of 0.56 and a beta of 1.24. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. 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 posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $3.97 earnings per share. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, research analysts anticipate that AGCO will post 7.36 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. AGCO’s dividend payout ratio is presently 51.33%.

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.