AGCO Co. (NYSE:AGCO) Receives Average Recommendation of "Hold" from Brokerages

AGCO Co. (NYSE:AGCO - Get Free Report) has earned a consensus rating of "Hold" from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $113.18.

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of AGCO from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley started coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price target for the company. Oppenheimer reduced their price target on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Truist Financial lifted their price objective on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Citigroup increased their target price on AGCO from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday.

AGCO Stock Performance

AGCO stock traded up $0.60 during mid-day trading on Wednesday, hitting $98.65. 951,078 shares of the company were exchanged, compared to its average volume of 790,142. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The business has a 50 day simple moving average of $97.55 and a 200-day simple moving average of $96.48. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.36 billion, a PE ratio of 43.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24.

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 (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business's revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.97 earnings per share. On average, equities analysts forecast that AGCO will post 7.36 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, November 15th. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Institutional Trading of AGCO

A number of hedge funds and other institutional investors have recently modified their holdings of AGCO. Forum Financial Management LP increased its stake in shares of AGCO by 5.5% in the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company's stock valued at $206,000 after buying an additional 109 shares during the period. Capital Insight Partners LLC increased its position in AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company's stock valued at $431,000 after acquiring an additional 110 shares during the period. First Horizon Advisors Inc. raised its stake in shares of AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of AGCO by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company's stock worth $1,666,000 after purchasing an additional 126 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $41,000 after purchasing an additional 139 shares during the last quarter. Institutional investors 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.