AGCO (NYSE:AGCO) Price Target Lowered to $104.00 at UBS Group

AGCO (NYSE:AGCO) had its price target trimmed by UBS Group from $107.00 to $104.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other research analysts also recently weighed in on the stock. Barclays lowered their price objective on shares of AGCO from $145.00 to $110.00 and set an equal weight rating on the stock in a research report on Thursday, July 18th. Robert W. Baird lowered their price target on AGCO from $139.00 to $129.00 and set an outperform rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on AGCO from $135.00 to $130.00 and set an overweight rating for the company in a report on Friday, June 28th. The Goldman Sachs Group lowered their target price on AGCO from $127.00 to $112.00 and set a neutral rating on the stock in a report on Thursday, July 11th. Finally, Citigroup assumed coverage on AGCO in a research note on Wednesday, June 26th. They set a neutral rating and a $108.00 price target for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $121.20.

AGCO Trading Down 1.8 %

NYSE AGCO opened at $94.46 on Wednesday. The stock’s fifty day moving average price is $101.18 and its 200-day moving average price is $111.00. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $7.05 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.70 and a beta of 1.27. AGCO has a 12 month low of $92.75 and a 12 month high of $136.42.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 7.90% and a return on equity of 24.02%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the business posted $4.29 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts forecast that AGCO will post 10.95 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s payout ratio is 7.85%.

Institutional Trading of AGCO

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in AGCO during the 2nd quarter valued at approximately $362,000. Van ECK Associates Corp raised its position in shares of AGCO by 3.3% during the second quarter. Van ECK Associates Corp now owns 170,096 shares of the industrial products company’s stock valued at $16,649,000 after buying an additional 5,359 shares during the last quarter. Mirova US LLC lifted its holdings in shares of AGCO by 2.0% in the second quarter. Mirova US LLC now owns 1,198,024 shares of the industrial products company’s stock worth $117,263,000 after buying an additional 23,536 shares in the last quarter. Forum Financial Management LP boosted its position in shares of AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in AGCO by 134.7% during the second quarter. Empirical Finance LLC now owns 9,251 shares of the industrial products company’s stock valued at $905,000 after acquiring an additional 5,310 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

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.