AGCO Co. (NYSE:AGCO) Receives $150.50 Consensus PT from Brokerages

AGCO Co. (NYSE:AGCO) has earned a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $141.83.

AGCO has been the subject of several recent research reports. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on shares of AGCO from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Friday. Oppenheimer cut their price target on shares of AGCO from $154.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Truist Financial lowered their target price on AGCO from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday.

Institutional Trading of AGCO

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in shares of AGCO by 356.3% during the third quarter. Commonwealth Equity Services LLC now owns 31,258 shares of the industrial products company’s stock valued at $3,697,000 after purchasing an additional 24,408 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of AGCO by 23.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 104,597 shares of the industrial products company’s stock valued at $12,372,000 after acquiring an additional 19,893 shares during the last quarter. Xponance Inc. raised its stake in shares of AGCO by 19.1% during the third quarter. Xponance Inc. now owns 9,017 shares of the industrial products company’s stock valued at $1,067,000 after acquiring an additional 1,448 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of AGCO during the third quarter worth about $26,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of AGCO by 161.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,461 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 6,467 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Stock Performance

Shares of AGCO stock opened at $115.49 on Tuesday. AGCO has a 12 month low of $105.77 and a 12 month high of $140.46. The firm has a market capitalization of $8.62 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.32. The firm has a fifty day simple moving average of $116.77 and a two-hundred day simple moving average of $116.88. 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 (NYSE:AGCO) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.99 billion. AGCO had a net margin of 7.90% and a return on equity of 24.02%. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.51 EPS. Analysts forecast that AGCO will post 12 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, May 14th. AGCO’s dividend payout ratio is currently 7.85%.

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.