AGCO (NYSE:AGCO) Upgraded at StockNews.com

StockNews.com upgraded shares of AGCO (NYSE:AGCO) from a sell rating to a hold rating in a research note released on Friday.

A number of other analysts have also recently commented on AGCO. Oppenheimer upped their price target on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Citigroup reduced their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley assumed coverage on AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price 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. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Price Performance

Shares of AGCO stock opened at $100.01 on Friday. The firm’s 50 day moving average price is $97.76 and its two-hundred day moving average price is $95.49. The stock has a market cap of $7.46 billion, a PE ratio of -17.58, a PEG ratio of 0.97 and a beta of 1.25. AGCO has a 52-week low of $84.35 and a 52-week high of $125.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 1.34.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, analysts forecast that AGCO will post 4.22 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s payout ratio is presently -20.39%.

Institutional Investors Weigh In On AGCO

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. Brooklyn Investment Group acquired a new position in AGCO in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its holdings in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new position in AGCO in the 4th quarter valued at about $33,000. Finally, Venturi Wealth Management LLC lifted its position in 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 last quarter. 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.