AGCO (NYSE:AGCO) Stock Price Expected to Rise, Oppenheimer Analyst Says

AGCO (NYSE:AGCO) had its price target lifted by stock analysts at Oppenheimer from $108.00 to $109.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target points to a potential upside of 4.69% from the company’s previous close.

A number of other research analysts also recently commented on AGCO. Citigroup lowered their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial raised their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.20.

AGCO Stock Down 0.8 %

AGCO stock opened at $104.12 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The firm has a market capitalization of $7.77 billion, a P/E ratio of 46.07, a P/E/G ratio of 1.03 and a beta of 1.25. AGCO has a 52-week low of $84.35 and a 52-week high of $130.26. The company’s 50 day simple moving average is $97.45 and its 200-day simple moving average is $95.45.

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). 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 analyst estimates of $2.90 billion. During the same period last year, the firm earned $3.97 earnings per share. AGCO’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, equities research analysts anticipate that AGCO will post 7.33 EPS for the current year.

Institutional Trading of AGCO

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in AGCO during the third quarter worth $29,000. UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of AGCO by 132.9% during the 3rd 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 boosted its position in shares of 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 acquiring an additional 139 shares in the last quarter. Finally, LRI Investments LLC increased its stake in AGCO by 50.0% in the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 170 shares during the period. 78.80% of the stock is currently owned by institutional investors.

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.