AGCO Co. (NYSE:AGCO) Given Average Rating of "Hold" by Analysts

AGCO Co. (NYSE:AGCO - Get Free Report) has earned a consensus rating of "Hold" from the twelve ratings firms that are presently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $104.60.

Several equities research analysts have commented on the stock. Oppenheimer raised their price target on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Truist Financial raised their price target on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, January 15th.

AGCO Stock Performance

Shares of NYSE AGCO traded up $1.99 during mid-day trading on Friday, hitting $95.08. The company had a trading volume of 608,487 shares, compared to its average volume of 820,681. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -16.71, a PEG ratio of 1.80 and a beta of 1.24. The firm's 50 day simple moving average is $98.83 and its two-hundred day simple moving average is $96.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76.

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AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities research analysts forecast that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's payout ratio is -20.39%.

Institutional Investors Weigh In On AGCO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. GeoWealth Management LLC acquired a new stake in AGCO during the 4th quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in AGCO during the third quarter valued at about $29,000. UMB Bank n.a. boosted its holdings in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of AGCO in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 78.80% of the company's stock.

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.