AGCO Co. (NYSE:AGCO) Receives Average Rating of "Hold" from Analysts

AGCO Co. (NYSE:AGCO - Get Free Report) has received an average recommendation of "Hold" from the eleven ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.80.

AGCO has been the subject of several recent research reports. Robert W. Baird dropped their price objective on AGCO from $139.00 to $129.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. StockNews.com cut shares of AGCO from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st. Barclays lowered their target price on shares of AGCO from $145.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, July 18th. Oppenheimer reduced their price target on AGCO from $133.00 to $132.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their price objective on AGCO from $127.00 to $112.00 and set a "neutral" rating for the company in a report on Thursday, July 11th.

Insider Transactions at AGCO

In related news, Director Michael C. Arnold acquired 1,800 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares of the company's stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael C. Arnold bought 1,800 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the purchase, the director now owns 20,465 shares of the company's stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lange Bob De purchased 1,420 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $87.91 per share, with a total value of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares in the company, valued at approximately $615,985.37. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGCO

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in AGCO during the third quarter worth approximately $247,000. Jade Capital Advisors LLC acquired a new stake in AGCO during the third quarter worth approximately $979,000. Vest Financial LLC increased its stake in AGCO by 43.1% during the 3rd quarter. Vest Financial LLC now owns 15,748 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 4,740 shares during the period. OLD National Bancorp IN lifted its position in shares of AGCO by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 3,880 shares of the industrial products company's stock valued at $380,000 after acquiring an additional 152 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of AGCO by 50.4% during the 3rd quarter. Raymond James & Associates now owns 173,669 shares of the industrial products company's stock worth $16,995,000 after purchasing an additional 58,160 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Price Performance

Shares of AGCO stock remained flat at $98.62 during mid-day trading on Tuesday. The company's stock had a trading volume of 581,712 shares, compared to its average volume of 762,667. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.91 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a 50 day moving average of $93.28 and a 200 day moving average of $101.21.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. AGCO's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $4.29 earnings per share. Sell-side analysts forecast that AGCO will post 8 earnings per share for the current fiscal year.

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.