Shares of AGCO Co. (NYSE:AGCO) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $72.60.
A number of equities research analysts recently commented on AGCO shares. Deutsche Bank restated a “buy” rating and set a $90.00 price objective (up from $88.00) on shares of AGCO in a report on Thursday, September 21st. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price objective on shares of AGCO in a report on Thursday, October 19th. UBS Group set a $72.00 price objective on shares of AGCO and gave the stock a “hold” rating in a report on Saturday, October 21st. BidaskClub lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. lowered shares of AGCO from a “neutral” rating to an “underweight” rating and set a $65.00 price objective on the stock. in a report on Tuesday, October 10th.
In related news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in AGCO. Invictus RG grew its position in shares of AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 1,061 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of AGCO in the 2nd quarter valued at about $165,000. Toronto Dominion Bank grew its position in shares of AGCO by 240.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,897 shares during the period. CIBC Asset Management Inc bought a new position in shares of AGCO in the 3rd quarter valued at about $204,000. Finally, Stephens Inc. AR bought a new position in shares of AGCO in the 3rd quarter valued at about $218,000. 82.92% of the stock is owned by institutional investors.
AGCO (AGCO) traded up $0.88 on Friday, reaching $73.12. 581,700 shares of the company’s stock traded hands, compared to its average volume of 667,200. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $5,820.00, a price-to-earnings ratio of 28.79, a PEG ratio of 1.49 and a beta of 0.83. AGCO has a 12 month low of $58.00 and a 12 month high of $75.95.
AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. AGCO had a net margin of 2.52% and a return on equity of 8.20%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. research analysts forecast that AGCO will post 3.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 22.05%.
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AGCO Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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