AGCO (NYSE:AGCO) PT Lowered to $145.00

AGCO (NYSE:AGCO) had its price target reduced by analysts at Oppenheimer from $154.00 to $145.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target points to a potential upside of 29.68% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Truist Financial cut their target price on shares of AGCO from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com cut shares of AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AGCO currently has an average rating of “Moderate Buy” and a consensus price target of $141.83.

AGCO Stock Up 1.1 %

AGCO opened at $111.81 on Friday. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 1.99. The firm’s fifty day moving average is $116.61 and its 200 day moving average is $116.88. AGCO has a fifty-two week low of $105.77 and a fifty-two week high of $140.46.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $3.51 earnings per share. The business’s revenue was down 12.1% on a year-over-year basis. On average, sell-side analysts forecast that AGCO will post 12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AGCO

Several institutional investors have recently bought and sold shares of the business. Lecap Asset Management Ltd. purchased a new stake in shares of AGCO during the 4th quarter valued at about $1,082,000. Vontobel Holding Ltd. raised its position in AGCO by 6.5% during the fourth quarter. Vontobel Holding Ltd. now owns 106,351 shares of the industrial products company’s stock valued at $12,912,000 after purchasing an additional 6,494 shares during the period. Nordea Investment Management AB lifted its stake in shares of AGCO by 1.7% in the 4th quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company’s stock valued at $7,492,000 after purchasing an additional 1,036 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of AGCO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company’s stock worth $799,047,000 after purchasing an additional 32,583 shares during the period. Finally, Invesco Ltd. increased its position in shares of AGCO by 53.1% during the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company’s stock valued at $44,333,000 after purchasing an additional 130,051 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.