AGCO (NYSE:AGCO) Upgraded by StockNews.com to "Hold" Rating

AGCO (NYSE:AGCO - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.

Several other research firms also recently weighed in on AGCO. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Citigroup decreased their price target on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Truist Financial lifted 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. Finally, Morgan Stanley assumed coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.20.

AGCO Stock Performance

NYSE:AGCO traded down $1.43 during mid-day trading on Friday, hitting $95.99. The stock had a trading volume of 442,550 shares, compared to its average volume of 730,720. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of -16.84, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a 50 day simple moving average of $97.76 and a 200-day simple moving average of $95.49. AGCO has a 52 week low of $84.35 and a 52 week high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last released 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%. On average, research analysts expect that AGCO will post 4.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGCO. Pacer Advisors Inc. lifted its position in AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after purchasing an additional 538,955 shares during the period. Edge Capital Group LLC acquired a new position in AGCO during the 4th quarter valued at about $39,269,000. Barclays PLC increased its stake in shares of AGCO by 386.8% in the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after acquiring an additional 198,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AGCO by 67.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company's stock valued at $44,739,000 after acquiring an additional 183,688 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of AGCO in the 4th quarter valued at about $16,845,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.