Shares of AGCO Co. (NYSE:AGCO - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.20.
AGCO has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. Truist Financial lifted their target price on AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Oppenheimer upped their price target on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research report on Tuesday. StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Finally, Citigroup decreased their target price on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th.
Check Out Our Latest Analysis on AGCO
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock worth $206,525,000 after acquiring an additional 538,955 shares during the last quarter. State Street Corp lifted its holdings in shares of AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock valued at $193,661,000 after purchasing an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock valued at $181,775,000 after buying an additional 66,303 shares during the last quarter. Geode Capital Management LLC grew its holdings in AGCO by 7.2% during the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock worth $121,121,000 after buying an additional 80,516 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after buying an additional 150,656 shares during the last quarter. 78.80% of the stock is owned by institutional investors.
AGCO Price Performance
AGCO stock traded up $2.52 during midday trading on Thursday, reaching $106.39. 473,130 shares of the stock were exchanged, compared to its average volume of 684,507. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a fifty day moving average price of $97.45 and a 200 day moving average price of $95.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The stock has a market capitalization of $7.94 billion, a PE ratio of 47.08, a P/E/G ratio of 1.03 and a beta of 1.25.
AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business's revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.97 earnings per share. As a group, analysts expect that AGCO will post 7.33 EPS for the current fiscal year.
AGCO Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. AGCO's dividend payout ratio (DPR) is presently 51.33%.
About AGCO
(
Get Free ReportAGCO 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.
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