AGCO (NYSE:AGCO) Stock Rating Upgraded by Citigroup

AGCO (NYSE:AGCO) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a $90.00 target price on the industrial products company’s stock, down from their prior target price of $98.00. Citigroup’s target price would indicate a potential upside of 4.78% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Truist Financial boosted their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective 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 target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. StockNews.com cut shares of AGCO from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Finally, UBS Group cut their price target on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a report on Monday. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.90.

AGCO Trading Up 13.4 %

Shares of NYSE AGCO opened at $85.90 on Tuesday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of -15.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The stock’s 50 day simple moving average is $94.46 and its 200 day simple moving average is $96.33. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO has a 12-month low of $73.79 and a 12-month high of $125.76.

AGCO (NYSE:AGCO) last released 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%. Equities research analysts expect that AGCO will post 4.2 EPS for the current year.

Institutional Trading of AGCO

Several large investors have recently added to or reduced their stakes in the company. Sarasin & Partners LLP boosted its position in shares of AGCO by 11.1% in the first quarter. Sarasin & Partners LLP now owns 25,000 shares of the industrial products company’s stock worth $2,446,000 after buying an additional 2,500 shares during the period. NBC Securities Inc. boosted its position in AGCO by 112,040.0% during the 1st quarter. NBC Securities Inc. now owns 5,607 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 5,602 shares during the period. GAMMA Investing LLC grew its stake in AGCO by 15,351.1% during the 1st quarter. GAMMA Investing LLC now owns 84,054 shares of the industrial products company’s stock valued at $7,781,000 after acquiring an additional 83,510 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of AGCO in the 1st quarter valued at about $154,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of AGCO by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,754 shares of the industrial products company’s stock worth $538,000 after purchasing an additional 243 shares in the last quarter. 78.80% of the stock is 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.