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

AGCO Co. (NYSE:AGCO) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $104.60.

Several research firms have recently weighed in on AGCO. Truist Financial boosted their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Citigroup raised their price target on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Oppenheimer upped their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th.

Institutional Investors Weigh In On AGCO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake 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 buying an additional 220 shares during the period. GeoWealth Management LLC bought a new position in AGCO in the fourth quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in AGCO in the third quarter valued at approximately $29,000. UMB Bank n.a. increased its holdings in shares of AGCO by 84.2% during the fourth 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 in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the fourth quarter worth approximately $33,000. 78.80% of the stock is owned by institutional investors.

AGCO Stock Down 0.9 %

AGCO stock opened at $94.50 on Friday. The firm has a 50-day moving average price of $98.79 and a 200-day moving average price of $96.62. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.05 billion, a P/E ratio of -16.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

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%. As a group, equities research analysts anticipate that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

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.