AGCO (NYSE:AGCO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Citigroup raised their target price on AGCO from $95.00 to $98.00 and gave the company a "neutral" rating in a report on Monday, March 17th. Robert W. Baird lowered 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. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Truist Financial upped their target price on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $100.90.
Read Our Latest Report on AGCO
AGCO Stock Up 0.0 %
Shares of AGCO traded up $0.00 during trading hours on Thursday, hitting $78.26. 713,442 shares of the company were exchanged, compared to its average volume of 867,977. 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 company has a market cap of $5.84 billion, a PE ratio of -13.70, a PEG ratio of 1.80 and a beta of 1.16. The firm's 50 day moving average is $96.39 and its 200-day moving average is $96.74. AGCO has a 52 week low of $73.79 and a 52 week high of $125.76.
AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly 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%. On average, equities research analysts forecast that AGCO will post 4.2 EPS for the current fiscal year.
Institutional Investors Weigh In On AGCO
Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in AGCO by 15,351.1% in the 1st quarter. GAMMA Investing LLC now owns 84,054 shares of the industrial products company's stock valued at $7,781,000 after buying an additional 83,510 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of AGCO during the first quarter valued at $154,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AGCO by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,754 shares of the industrial products company's stock valued at $538,000 after purchasing an additional 243 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of AGCO in the 4th quarter worth about $9,086,000. Finally, Great Valley Advisor Group Inc. increased its position in shares of AGCO by 8.1% during the 4th quarter. Great Valley Advisor Group Inc. now owns 36,567 shares of the industrial products company's stock worth $3,418,000 after purchasing an additional 2,747 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.
AGCO Company Profile
(
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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.
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