UBS Group Cuts AGCO (NYSE:AGCO) Price Target to $88.00

AGCO (NYSE:AGCO) had its target price decreased by UBS Group from $100.00 to $88.00 in a research note published on Monday,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

Other research analysts have also issued reports about the stock. Oppenheimer upped their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus target price of $100.90.

AGCO Stock Performance

Shares of AGCO stock opened at $85.90 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $94.46 and a 200-day simple moving average of $96.33. 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. 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 data 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%. On average, equities analysts forecast that AGCO will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.35%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Hedge Funds Weigh In On AGCO

Several institutional investors and hedge funds have recently modified their holdings of AGCO. Price T Rowe Associates Inc. MD raised its holdings in AGCO by 128.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock valued at $608,026,000 after acquiring an additional 3,654,350 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of AGCO by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company’s stock valued at $278,951,000 after purchasing an additional 258,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock valued at $271,259,000 after purchasing an additional 2,444,615 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in AGCO by 1.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock worth $256,522,000 after buying an additional 39,966 shares during the period. Finally, Invesco Ltd. boosted its stake in AGCO by 68.7% in the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock worth $220,641,000 after buying an additional 961,081 shares during the last quarter. 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.