AGCO Co. (NYSE:AGCO) Given Consensus Rating of “Buy” by Brokerages

AGCO Co. (NYSE:AGCOGet Free Report) has received an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $139.83.

AGCO has been the subject of a number of research reports. Oppenheimer decreased their price target on shares of AGCO from $145.00 to $133.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Truist Financial decreased their price target on shares of AGCO from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of AGCO from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd.

Check Out Our Latest Analysis on AGCO

Hedge Funds Weigh In On AGCO

Several large investors have recently made changes to their positions in AGCO. Rakuten Securities Inc. purchased a new position in shares of AGCO during the fourth quarter valued at approximately $26,000. FinTrust Capital Advisors LLC increased its position in shares of AGCO by 121.9% during the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 117 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. LRI Investments LLC bought a new stake in shares of AGCO during the first quarter valued at approximately $30,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of AGCO during the third quarter valued at approximately $35,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Stock Performance

Shares of NYSE:AGCO opened at $101.00 on Wednesday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.62 and a beta of 1.31. The company has a 50-day moving average price of $110.24 and a 200-day moving average price of $115.06. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. AGCO has a 12 month low of $99.88 and a 12 month high of $140.46.

AGCO (NYSE:AGCOGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.99 billion. AGCO had a net margin of 7.90% and a return on equity of 24.02%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.51 earnings per share. As a group, equities analysts anticipate that AGCO will post 12.18 EPS for the current year.

AGCO Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, May 14th. This represents a dividend yield of 1%. AGCO’s payout ratio is 7.85%.

About AGCO

(Get Free Report

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.

Further Reading

Analyst Recommendations for AGCO (NYSE:AGCO)

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