AGCO Co. (NYSE:AGCO) Receives $107.20 Consensus Target Price from Analysts

AGCO Co. (NYSE:AGCO) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $107.20.

A number of research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Truist Financial lifted their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Citigroup reduced their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.

AGCO Trading Down 1.0 %

Shares of AGCO stock opened at $96.95 on Monday. The company has a 50 day moving average of $97.85 and a 200-day moving average of $95.95. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO has a 12-month low of $84.35 and a 12-month high of $125.76. The firm has a market cap of $7.24 billion, a P/E ratio of -17.04, a PEG ratio of 1.80 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued 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%. Sell-side analysts anticipate that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Institutional Trading of AGCO

Hedge funds have recently made changes to their positions in the stock. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of AGCO during the 4th quarter worth $3,144,000. Gateway Investment Advisers LLC bought a new stake in AGCO in the fourth quarter worth $311,000. Olstein Capital Management L.P. lifted its stake in AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after purchasing an additional 2,500 shares during the last quarter. M&T Bank Corp lifted its stake in AGCO by 133.0% in the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock worth $8,263,000 after purchasing an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after purchasing an additional 12,328 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

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.