Press coverage about AGCO (NYSE:AGCO) has been trending somewhat positive on Thursday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AGCO earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.8809663588627 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Changes To The Rules Of Racing (standardbredcanada.ca)
- Active Stock Evaluation – AGCO Corporation (NYSE: AGCO) (stocktradingpoint.com)
- What Does Bollinger Band say about AGCO Corporation (NYSE:AGCO)? (oracleexaminer.com)
- Combine Harvester Market increasing demand with Leading players (AGCO, CLAAS, CNH Industrial, Deere & Company) (factsweek.com)
- Global Planters Market 2018 Key Players – John Deere, CNH, AGCO, KUHN, Kubota, Kinze (themobileherald.com)
AGCO has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of AGCO from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Barclays initiated coverage on shares of AGCO in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 price objective for the company. Seaport Global Securities restated a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Royal Bank of Canada restated a “hold” rating and issued a $79.00 price objective on shares of AGCO in a report on Thursday, January 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $73.00 price objective on shares of AGCO in a report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $72.80.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. research analysts forecast that AGCO will post 3.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were given a dividend of $0.15 per share. This is an increase from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. AGCO’s payout ratio is presently 19.87%.
In other news, VP Richard Robinson Smith sold 1,316 shares of the business’s stock in a transaction on Saturday, May 19th. The shares were sold at an average price of $54.05, for a total transaction of $71,129.80. Following the completion of the sale, the vice president now owns 35,068 shares of the company’s stock, valued at approximately $1,895,425.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 4,385 shares of company stock valued at $268,581. Insiders own 16.60% of the company’s stock.
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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