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

Shares of AGCO Co. (NYSE:AGCO) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $108.10.

Several research firms have recently weighed in on AGCO. Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Citigroup lifted their price objective on shares of AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Oppenheimer dropped their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Truist Financial raised their target price on shares of AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lowered their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

AGCO Stock Performance

AGCO stock opened at $91.04 on Friday. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The company’s 50-day moving average is $94.97 and its 200 day moving average is $94.94. The firm has a market capitalization of $6.80 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company posted $3.97 earnings per share. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. Research analysts forecast that AGCO will post 7.36 EPS for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, November 15th. AGCO’s dividend payout ratio (DPR) is 51.33%.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its stake in shares of AGCO by 103.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after purchasing an additional 799,429 shares during the last quarter. AQR Capital Management LLC raised its holdings in AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after buying an additional 391,591 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after buying an additional 335,092 shares in the last quarter. Finally, Barclays PLC grew its position in shares of AGCO by 386.8% in the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after buying an additional 198,014 shares during the last quarter. Institutional investors 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.