AGCO Co. (NYSE:AGCO) Receives $108.10 Average Target Price from Analysts

AGCO Co. (NYSE:AGCO) has received an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $108.10.

AGCO has been the subject of a number of research reports. Truist Financial raised their price objective on AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Oppenheimer reduced their price target on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Citigroup raised their price target on shares of AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Monday, December 9th.

AGCO Price Performance

Shares of NYSE:AGCO opened at $90.13 on Friday. The firm has a market cap of $6.73 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. The firm’s fifty day moving average is $95.33 and its 200-day moving average is $95.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $3.97 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. Sell-side analysts predict that AGCO will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio is presently 51.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AGCO. First Horizon Advisors Inc. raised its stake in shares of AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 117 shares during the period. Oppenheimer & Co. Inc. raised its position in AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after acquiring an additional 126 shares during the period. Farther Finance Advisors LLC boosted its stake in AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Natixis Advisors LLC grew its position in shares of AGCO by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 38,750 shares of the industrial products company’s stock valued at $3,793,000 after acquiring an additional 145 shares during the period. Finally, OLD National Bancorp IN increased its stake in shares of AGCO by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 3,880 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 152 shares during the last quarter. 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.