AGCO (NYSE:AGCO) Price Target Raised to $98.00 at Citigroup

AGCO (NYSE:AGCO - Get Free Report) had its price objective raised by equities research analysts at Citigroup from $95.00 to $98.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. Citigroup's price objective points to a potential upside of 5.63% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their price target 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. Oppenheimer increased their target price on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Truist Financial increased 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. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $104.60.

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AGCO Price Performance

Shares of NYSE:AGCO traded down $1.69 during midday trading on Monday, reaching $92.78. 194,106 shares of the company were exchanged, compared to its average volume of 812,454. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business's fifty day moving average is $98.79 and its two-hundred day moving average is $96.62. AGCO has a one year low of $84.35 and a one year high of $125.76. The stock has a market cap of $6.92 billion, a PE ratio of -16.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

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 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, analysts predict that AGCO will post 4.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGCO. Allworth Financial LP boosted its holdings in shares of AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of AGCO in the 4th quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of AGCO in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 154 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the 4th quarter valued at approximately $33,000. 78.80% of the stock is currently owned by institutional investors.

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.