AGCO Co. (NYSE:AGCO) Receives $114.40 Consensus PT from Brokerages

AGCO Co. (NYSE:AGCO - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $114.40.

A number of analysts recently commented on AGCO shares. Truist Financial increased their price target on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday. Oppenheimer dropped their price objective on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets assumed coverage on AGCO in a research report on Friday, August 9th. They issued a "market perform" rating and a $96.00 target price for the company. Finally, Robert W. Baird dropped their price target on AGCO from $139.00 to $129.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 31st.

AGCO Stock Up 1.8 %

Shares of NYSE:AGCO traded up $1.66 during mid-day trading on Friday, hitting $93.70. 1,196,617 shares of the company traded hands, compared to its average volume of 782,091. The stock has a 50-day moving average price of $95.94 and a two-hundred day moving average price of $98.28. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The stock has a market cap of $6.99 billion, a P/E ratio of 41.46, a P/E/G ratio of 0.51 and a beta of 1.25. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the firm earned $3.97 earnings per share. AGCO's revenue was down 24.8% compared to the same quarter last year. On average, equities research analysts forecast that AGCO will post 7.32 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 15th. AGCO's dividend payout ratio (DPR) is currently 51.33%.

Hedge Funds Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. Brooklyn Investment Group bought a new position in AGCO during the 3rd quarter worth approximately $29,000. LRI Investments LLC bought a new stake in AGCO during the 1st quarter valued at $30,000. Blue Trust Inc. raised its holdings in AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after buying an additional 174 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock worth $36,000 after acquiring an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 167 shares during the period. 78.80% of the stock is owned by hedge funds and other 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.