AGCO (NYSE:AGCO) Price Target Cut to $105.00 by Analysts at Truist Financial

AGCO (NYSE:AGCO) had its price objective decreased by analysts at Truist Financial from $125.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 22.24% from the company’s current price.

Several other equities research analysts have also recently issued reports on AGCO. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Oppenheimer raised their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. UBS Group dropped their target price on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a report on Monday. Finally, Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $100.90.

AGCO Trading Up 13.4 %

Shares of AGCO stock opened at $85.90 on Tuesday. The stock has a 50 day simple moving average of $94.46 and a 200-day simple moving average of $96.33. AGCO has a 1-year low of $73.79 and a 1-year high of $125.76. The company has a market cap of $6.41 billion, a price-to-earnings ratio of -15.10, a PEG ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. On average, equities research analysts expect that AGCO will post 4.2 EPS for the current fiscal year.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in AGCO. Price T Rowe Associates Inc. MD grew its position in AGCO by 128.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock worth $608,026,000 after acquiring an additional 3,654,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AGCO by 534.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock worth $271,259,000 after purchasing an additional 2,444,615 shares during the period. Invesco Ltd. increased its position in shares of AGCO by 68.7% during the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock worth $220,641,000 after purchasing an additional 961,081 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in AGCO in the 4th quarter valued at about $62,022,000. Finally, Norges Bank acquired a new position in AGCO in the fourth quarter valued at about $57,321,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.