AGCO (NYSE:AGCO) Price Target Cut to $88.00 by Analysts at UBS Group

AGCO (NYSE:AGCO) had its price objective trimmed by UBS Group from $100.00 to $88.00 in a report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Several other research firms also recently weighed in on AGCO. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer increased their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Citigroup upped their target price on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, March 17th. Finally, Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, AGCO has an average rating of “Hold” and a consensus price target of $103.00.

AGCO Trading Down 1.6 %

AGCO stock opened at $78.05 on Monday. AGCO has a 52-week low of $73.79 and a 52-week high of $125.76. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -13.72, a PEG ratio of 1.80 and a beta of 1.16. The firm has a 50-day moving average price of $96.39 and a two-hundred day moving average price of $96.74.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) 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%. Sell-side analysts expect that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Hedge Funds Weigh In On AGCO

A number of hedge funds and other institutional investors have recently modified their holdings of AGCO. Verition Fund Management LLC lifted its stake in AGCO by 61.7% during the third quarter. Verition Fund Management LLC now owns 8,297 shares of the industrial products company’s stock valued at $812,000 after buying an additional 3,167 shares in the last quarter. State Street Corp increased its position in shares of AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after acquiring an additional 80,846 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of AGCO by 41.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,715 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 1,093 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of AGCO in the 3rd quarter valued at approximately $874,000. Finally, LRI Investments LLC boosted its stake in AGCO by 50.0% in the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds 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.