AGCO (NYSE:AGCO) Rating Lowered to "Hold" at Baird R W

AGCO (NYSE:AGCO - Get Free Report) was downgraded by Baird R W from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also weighed in on AGCO. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $116.00 to $100.00 in a research note on Monday. Oppenheimer upped their price target on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Citigroup reduced their price objective on AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $104.30.

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AGCO Stock Performance

Shares of AGCO stock traded up $6.19 during trading on Monday, hitting $102.94. 1,348,195 shares of the stock were exchanged, compared to its average volume of 809,043. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The stock's fifty day moving average is $97.91 and its 200 day moving average is $96.18. The stock has a market cap of $7.68 billion, a PE ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, sell-side analysts anticipate that AGCO will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GeoWealth Management LLC acquired a new stake in shares of AGCO during the 4th quarter valued at about $27,000. Brooklyn Investment Group bought a new position in AGCO during the third quarter valued at approximately $29,000. Allworth Financial LP lifted its stake in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 220 shares during the last quarter. UMB Bank n.a. grew its position in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 78.80% of the company's stock.

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.