AGCO Co. (NYSE:AGCO) Receives $100.90 Average Price Target from Analysts

AGCO Co. (NYSE:AGCO) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $98.30.

Several brokerages have recently issued reports on AGCO. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. UBS Group lowered their price objective on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Oppenheimer increased their price target on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently made changes to their positions in AGCO. GeoWealth Management LLC acquired a new stake in AGCO in the fourth quarter worth about $27,000. Allworth Financial LP grew its holdings in AGCO by 333.3% during 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 period. UMB Bank n.a. raised its holdings in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of AGCO in the 4th quarter valued at $33,000. Finally, Jones Financial Companies Lllp lifted its holdings in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 265 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO opened at $80.96 on Tuesday. 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 firm has a market cap of $6.04 billion, a price-to-earnings ratio of -14.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO has a 12 month low of $73.79 and a 12 month high of $121.49. The company’s fifty day moving average is $92.13 and its 200-day moving average is $95.65.

AGCO (NYSE:AGCO) last released its quarterly earnings results 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Equities analysts expect that AGCO will post 4.2 EPS for the current fiscal year.

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.