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

Shares of AGCO Co. (NYSE:AGCO) have earned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $107.20.

Several analysts have recently commented on AGCO shares. The Goldman Sachs Group decreased their target price on 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 started coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. JPMorgan Chase & Co. raised their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Oppenheimer raised their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Citigroup decreased their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.

AGCO Stock Performance

Shares of NYSE AGCO opened at $98.80 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of -17.36, a PEG ratio of 1.85 and a beta of 1.25. The stock’s fifty day simple moving average is $97.77 and its 200 day simple moving average is $95.81. AGCO has a 52-week low of $84.35 and a 52-week high of $125.76.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. AGCO’s payout ratio is presently -20.39%.

Hedge Funds Weigh In On AGCO

A number of institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of AGCO by 128.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock worth $608,026,000 after purchasing an additional 3,654,350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AGCO by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company’s stock valued at $278,951,000 after purchasing an additional 258,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AGCO by 534.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock valued at $271,259,000 after purchasing an additional 2,444,615 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in AGCO by 1.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock valued at $256,522,000 after purchasing an additional 39,966 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in AGCO by 68.7% during the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after purchasing an additional 961,081 shares in the last quarter. 78.80% of the stock is currently 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.