AGCO (NYSE:AGCO) Stock Rating Upgraded by StockNews.com

AGCO (NYSE:AGCO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other equities analysts have also weighed in on the company. Truist Financial cut their price target on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. UBS Group cut their price objective on AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Oppenheimer increased their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.90.

AGCO Price Performance

Shares of NYSE AGCO opened at $86.09 on Friday. AGCO has a 52 week low of $73.79 and a 52 week high of $122.26. 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 cap of $6.42 billion, a P/E ratio of -15.13, a P/E/G ratio of 1.80 and a beta of 1.16. The business’s 50 day moving average price is $93.78 and its 200 day moving average price is $96.19.

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

Institutional Trading of AGCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sarasin & Partners LLP increased its stake in AGCO by 11.1% during the first quarter. Sarasin & Partners LLP now owns 25,000 shares of the industrial products company’s stock worth $2,446,000 after purchasing an additional 2,500 shares during the period. NBC Securities Inc. grew its holdings in shares of AGCO by 112,040.0% in the first quarter. NBC Securities Inc. now owns 5,607 shares of the industrial products company’s stock valued at $519,000 after purchasing an additional 5,602 shares in the last quarter. GAMMA Investing LLC increased 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 worth $7,781,000 after buying an additional 83,510 shares during the period. Versant Capital Management Inc acquired a new stake in AGCO during the 1st quarter worth approximately $154,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in AGCO by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,754 shares of the industrial products company’s stock valued at $538,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors 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.