AGCO Co. (NYSE:AGCO) Receives $100.90 Consensus Target Price from Analysts

Shares of AGCO Co. (NYSE:AGCO - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $98.30.

AGCO has been the subject of several research analyst reports. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. UBS Group reduced their target price on AGCO from $100.00 to $88.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Morgan Stanley downgraded AGCO from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $94.00 to $75.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th.

AGCO Stock Up 0.8 %

NYSE AGCO traded up $0.68 during trading hours on Tuesday, hitting $80.96. 984,072 shares of the company were exchanged, compared to its average volume of 891,414. The company has a 50 day moving average of $92.13 and a two-hundred day moving average of $95.67. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -14.23, a PEG ratio of 1.80 and a beta of 1.16. AGCO has a 52-week low of $73.79 and a 52-week high of $121.49. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. Equities research analysts anticipate that AGCO will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On AGCO

A number of hedge funds have recently added to or reduced their stakes in AGCO. GeoWealth Management LLC purchased a new position in shares of AGCO during the 4th quarter worth approximately $27,000. Allworth Financial LP raised its position in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after acquiring an additional 220 shares in the last quarter. UMB Bank n.a. lifted its holdings in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO during the 4th quarter worth $33,000. Finally, Jones Financial Companies Lllp grew its stake in shares of AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Company Profile

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.