AGCO (NYSE:AGCO) Shares Up 4.7% - Should You Buy?

AGCO Co. (NYSE:AGCO - Get Free Report)'s share price was up 4.7% during mid-day trading on Thursday . The company traded as high as $95.61 and last traded at $95.87. Approximately 466,560 shares were traded during trading, a decline of 41% from the average daily volume of 785,127 shares. The stock had previously closed at $91.58.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price target on the stock. StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Citigroup decreased their price target on AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $104.30.

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AGCO Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The stock has a market capitalization of $7.70 billion, a P/E ratio of -18.14, a PEG ratio of 1.80 and a beta of 1.24. The stock's fifty day moving average is $98.11 and its two-hundred day moving average is $96.37.

AGCO (NYSE:AGCO - Get Free Report) last issued 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%. As a group, research analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, February 14th. AGCO's dividend payout ratio is presently -20.39%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in AGCO by 29.3% in the 3rd quarter. US Bancorp DE now owns 1,623 shares of the industrial products company's stock worth $159,000 after purchasing an additional 368 shares during the period. Farther Finance Advisors LLC boosted its position 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 buying an additional 139 shares during the period. Principal Financial Group Inc. grew its holdings in shares of AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after buying an additional 150,656 shares in the last quarter. Verdence Capital Advisors LLC raised its position in AGCO by 7.8% during the third quarter. Verdence Capital Advisors LLC now owns 3,271 shares of the industrial products company's stock valued at $320,000 after buying an additional 236 shares during the period. Finally, Atria Investments Inc acquired a new position in AGCO during the third quarter valued at $372,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

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.