AGCO (NYSE:AGCO) Stock Rating Lowered by Baird R W

AGCO (NYSE:AGCO) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on AGCO. Truist Financial lifted their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley assumed coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Oppenheimer lifted 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. Finally, Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $116.00 to $100.00 in a research report on Monday. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGCO has a consensus rating of “Hold” and an average price target of $104.30.

AGCO Price Performance

AGCO opened at $89.01 on Monday. The stock has a market cap of $6.64 billion, a P/E ratio of -15.64, a P/E/G ratio of 1.80 and a beta of 1.25. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76. 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 company has a fifty day simple moving average of $98.00 and a 200 day simple moving average of $96.20.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. On average, research analysts expect that AGCO will post 4.2 EPS for the current year.

Institutional Investors Weigh In On AGCO

Several large investors have recently made changes to their positions in AGCO. GeoWealth Management LLC bought a new stake in AGCO during the fourth quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of AGCO in the 3rd quarter valued at about $29,000. Allworth Financial LP raised its holdings in shares of AGCO by 333.3% in the 4th 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 period. UMB Bank n.a. lifted its stake 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 purchasing an additional 154 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in AGCO during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.