AGCO (NYSE:AGCO) Sets New 1-Year Low - What's Next?

AGCO Co. (NYSE:AGCO - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $83.00 and last traded at $83.75, with a volume of 457350 shares changing hands. The stock had previously closed at $92.52.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. UBS Group dropped their price objective on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a report on Monday. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Citigroup raised AGCO from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $98.00 to $90.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $100.90.

AGCO Stock Down 3.1 %

The firm's 50-day simple moving average is $96.39 and its two-hundred day simple moving average is $96.74. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -13.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

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AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. AGCO's payout ratio is currently -20.39%.

Institutional Investors Weigh In On AGCO

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