AGCO Co. (NYSE:AGCO) Given Average Recommendation of “Hold” by Brokerages

Shares of AGCO Co. (NYSE:AGCO) have received an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $100.90.

AGCO has been the topic of several analyst reports. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup upgraded shares of AGCO from a “neutral” rating to a “buy” rating and cut their target price for the company from $98.00 to $90.00 in a research note on Tuesday, April 8th. Truist Financial lowered their price target on AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd.

Institutional Investors Weigh In On AGCO

A number of institutional investors have recently modified their holdings of the business. UMB Bank n.a. raised its stake in AGCO by 140.7% in the 1st quarter. UMB Bank n.a. now owns 811 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 474 shares in the last quarter. Sarasin & Partners LLP increased its holdings in shares of 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. raised its position 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 buying an additional 5,602 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of AGCO by 15,351.1% in the first quarter. GAMMA Investing LLC now owns 84,054 shares of the industrial products company’s stock valued at $7,781,000 after buying an additional 83,510 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in AGCO during the first quarter worth approximately $154,000. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO opened at $85.84 on Tuesday. The business’s 50-day simple moving average is $93.43 and its 200 day simple moving average is $96.10. AGCO has a 52-week low of $73.79 and a 52-week high of $121.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The firm has a market capitalization of $6.40 billion, a PE ratio of -15.09, a PEG ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO) last posted 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%. As a group, sell-side analysts expect that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s payout ratio is -20.39%.

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.