AGCO Co. (NYSE:AGCO) Receives Average Recommendation of “Hold” from Brokerages

Shares of AGCO Co. (NYSE:AGCO) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $108.10.

Several brokerages have recently commented on AGCO. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Oppenheimer decreased their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Truist Financial lifted their target price on AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Citigroup upped their price target on AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th.

Hedge Funds Weigh In On AGCO

Institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC lifted its holdings in shares of AGCO by 0.4% in 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 last quarter. CIBC Asset Management Inc lifted its stake in shares of AGCO by 18.6% in the 2nd quarter. CIBC Asset Management Inc now owns 2,088 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 327 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of AGCO by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 17,757 shares of the industrial products company’s stock worth $1,738,000 after purchasing an additional 265 shares during the period. Caprock Group LLC purchased a new position in shares of AGCO in the 2nd quarter worth approximately $270,000. Finally, Oak Thistle LLC bought a new position in shares of AGCO during the 2nd quarter valued at approximately $357,000. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

NYSE:AGCO opened at $91.04 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a 50-day simple moving average of $94.97 and a two-hundred day simple moving average of $94.94. The firm has a market capitalization of $6.80 billion, a PE ratio of 40.28, a P/E/G 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.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $3.97 earnings per share. The company’s revenue was down 24.8% compared to the same quarter last year. Analysts forecast that AGCO will post 7.36 EPS for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio is presently 51.33%.

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.