Citigroup upgraded shares of AGCO (NYSE:AGCO - Free Report) from a neutral rating to a buy rating in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have $90.00 price objective on the industrial products company's stock, down from their prior price objective of $98.00.
Other equities analysts also recently issued research reports about the stock. Oppenheimer increased 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. Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $116.00 to $100.00 in a report on Monday, March 3rd. UBS Group decreased their price target on AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, StockNews.com cut AGCO from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $100.90.
Get Our Latest Analysis on AGCO
AGCO Stock Performance
AGCO traded up $2.18 during trading on Tuesday, reaching $86.09. The company's stock had a trading volume of 749,853 shares, compared to its average volume of 885,723. 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's fifty day moving average price is $93.78 and its 200-day moving average price is $96.19. AGCO has a 52-week low of $73.79 and a 52-week high of $122.26. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of -15.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.
AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts forecast that AGCO will post 4.2 earnings per share for the current fiscal year.
AGCO Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. AGCO's dividend payout ratio is presently -20.39%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of AGCO by 128.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock valued at $608,026,000 after acquiring an additional 3,654,350 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock valued at $271,259,000 after purchasing an additional 2,444,615 shares during the period. Invesco Ltd. lifted its stake in shares of AGCO by 68.7% during the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after purchasing an additional 961,081 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of AGCO in the fourth quarter worth about $62,022,000. Finally, Norges Bank acquired a new stake in shares of AGCO in the fourth quarter valued at about $57,321,000. Institutional investors and hedge funds own 78.80% of the company's stock.
About AGCO
(
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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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