Citigroup Lowers AGCO (NYSE:AGCO) Price Target to $95.00

AGCO (NYSE:AGCO) had its price objective cut by stock analysts at Citigroup from $100.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target points to a potential downside of 2.29% from the stock’s current price.

A number of other analysts have also recently issued reports on AGCO. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lowered their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Oppenheimer cut their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial increased their target price on AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Morgan Stanley assumed coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average target price of $107.20.

AGCO Trading Down 0.1 %

Shares of NYSE AGCO opened at $97.23 on Tuesday. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 43.02, a P/E/G ratio of 0.56 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average is $95.15 and its 200-day moving average is $94.89.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $3.97 earnings per share. The business’s revenue was down 24.8% on a year-over-year basis. Equities research analysts predict that AGCO will post 7.36 EPS for the current year.

Hedge Funds Weigh In On AGCO

Several large investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in AGCO in the 3rd quarter valued at about $29,000. Venturi Wealth Management LLC boosted its holdings in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 210 shares during the period. Farther Finance Advisors LLC grew its position in shares of AGCO by 50.2% in the third 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 last quarter. LRI Investments LLC increased its stake in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 170 shares during the period. Finally, First Horizon Advisors Inc. lifted 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 last quarter. 78.80% of the stock is owned by institutional investors.

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.