AGCO Co. (NYSE:AGCO) Receives Consensus Recommendation of "Hold" from Analysts

Shares of AGCO Co. (NYSE:AGCO - Get Free Report) have been given an average rating of "Hold" by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $108.10.

Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of AGCO from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Monday, December 9th. Oppenheimer lowered their price objective on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th.

Institutional Trading of AGCO

Several institutional investors have recently modified their holdings of AGCO. First Horizon Advisors Inc. grew its position in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock valued at $51,000 after buying an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company's stock valued at $1,666,000 after acquiring an additional 126 shares during the last quarter. Farther Finance Advisors LLC increased its position in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 139 shares during the period. Natixis Advisors LLC raised its holdings in AGCO by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 38,750 shares of the industrial products company's stock worth $3,793,000 after purchasing an additional 145 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of AGCO by 4.1% in the 3rd quarter. OLD National Bancorp IN now owns 3,880 shares of the industrial products company's stock worth $380,000 after purchasing an additional 152 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Price Performance

Shares of AGCO stock traded up $0.99 during trading on Friday, hitting $92.30. The company had a trading volume of 575,568 shares, compared to its average volume of 522,234. The firm has a market capitalization of $6.89 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. AGCO has a one year low of $84.35 and a one year high of $130.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock's 50-day moving average price is $95.92 and its 200 day moving average price is $95.27.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $3.97 earnings per share. The business's revenue was down 24.8% compared to the same quarter last year. Equities analysts expect that AGCO will post 7.36 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.26%. AGCO's dividend payout ratio is presently 51.33%.

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.