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

AGCO Co. (NYSE:AGCO) has received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $117.80.

A number of analysts have issued reports on the company. Citigroup raised their price target on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Robert W. Baird cut their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Raymond James began coverage on shares of AGCO in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Truist Financial upped their price objective on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays lowered their price target on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, July 18th.

Insider Buying and Selling

In other news, Director Michael C. Arnold acquired 1,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares of the company’s stock, valued at $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AGCO news, Director Michael C. Arnold purchased 1,800 shares of AGCO stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the acquisition, the director now owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lange Bob De acquired 1,420 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the purchase, the director now owns 7,007 shares in the company, valued at $615,985.37. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in AGCO in the first quarter worth about $54,000. Global Assets Advisory LLC acquired a new position in shares of AGCO in the first quarter worth $1,642,000. Gateway Investment Advisers LLC acquired a new stake in shares of AGCO during the 1st quarter valued at about $245,000. Capital Insight Partners LLC lifted its stake in AGCO by 42.3% in the first quarter. Capital Insight Partners LLC now owns 4,291 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 1,276 shares during the last quarter. Finally, First Dallas Securities Inc. increased its position in AGCO by 15.8% during the first quarter. First Dallas Securities Inc. now owns 3,705 shares of the industrial products company’s stock worth $456,000 after buying an additional 505 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Price Performance

AGCO stock opened at $98.62 on Tuesday. The stock has a market capitalization of $7.36 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.91 and a beta of 1.25. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The firm’s 50-day moving average is $93.28 and its two-hundred day moving average is $101.21.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business posted $4.29 EPS. The firm’s revenue was down 15.1% compared to the same quarter last year. Equities analysts predict that AGCO will post 8 earnings per share for the current year.

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.