AGCO Co. (NYSE:AGCO) Receives $104.60 Consensus Price Target from Analysts

AGCO Co. (NYSE:AGCO) has been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $104.60.

Several equities research analysts recently issued reports on AGCO shares. Citigroup boosted their price target on AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Truist Financial boosted their price target on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

AGCO Price Performance

AGCO stock opened at $93.12 on Friday. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76. The stock’s 50 day moving average is $98.83 and its 200-day moving average is $96.74. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate 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 research analysts expect that AGCO will post 4.2 EPS for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of AGCO during the fourth quarter worth $3,144,000. Gateway Investment Advisers LLC acquired a new position in shares of AGCO during the fourth quarter worth $311,000. Olstein Capital Management L.P. increased its holdings in shares of AGCO by 20.8% during 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 buying an additional 2,500 shares in the last quarter. M&T Bank Corp increased its holdings 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 valued at $8,263,000 after purchasing an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings 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 valued at $61,024,000 after purchasing an additional 12,328 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.