AGCO Co. (NYSE:AGCO) Given Average Rating of “Hold” by Brokerages

Shares of AGCO Co. (NYSE:AGCO) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities 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 target among brokerages that have updated their coverage on the stock in the last year is $107.20.

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group dropped their price target 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. Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Citigroup decreased their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.

Institutional Trading of AGCO

A number of institutional investors have recently made changes to their positions in AGCO. Pacer Advisors Inc. increased its position 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 valued at $206,525,000 after acquiring an additional 538,955 shares during the period. State Street Corp increased its holdings in 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of AGCO by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after acquiring an additional 66,303 shares during the period. Geode Capital Management LLC boosted its position in AGCO by 7.2% during the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after purchasing an additional 80,516 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after acquiring an additional 150,656 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 0.8 %

Shares of AGCO stock opened at $104.12 on Thursday. The company’s 50-day moving average price is $97.45 and its 200-day moving average price is $95.45. 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 has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 1.03 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced its 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). 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 firm’s revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.97 earnings per share. On average, equities analysts expect that AGCO will post 7.33 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

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.