AGCO (NYSE:AGCO - Free Report) had its price target reduced by Truist Financial from $125.00 to $105.00 in a research note published on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company's stock.
A number of other research firms have also weighed in on AGCO. JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Oppenheimer boosted their price objective 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. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group decreased their price target on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Citigroup raised AGCO from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $98.00 to $90.00 in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, AGCO has an average rating of "Hold" and a consensus target price of $100.90.
Read Our Latest Research Report on AGCO
AGCO Stock Performance
NYSE:AGCO traded up $2.18 on Tuesday, reaching $86.09. 749,853 shares of the company's stock were exchanged, compared to its average volume of 885,723. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of -15.13, a P/E/G ratio of 1.80 and a beta of 1.16. 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 fifty day simple moving average of $93.78 and a 200-day simple moving average of $96.19. AGCO has a 52 week low of $73.79 and a 52 week high of $122.26.
AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that AGCO will post 4.2 earnings per share for the current year.
AGCO Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.
Institutional Investors Weigh In On AGCO
A number of institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in AGCO by 128.2% during the fourth 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 buying an additional 3,654,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AGCO by 534.7% in the 4th 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 acquiring an additional 2,444,615 shares during the last quarter. Invesco Ltd. boosted its holdings in AGCO by 68.7% during the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock valued at $220,641,000 after acquiring an additional 961,081 shares during the period. Lord Abbett & CO. LLC bought a new position in AGCO during the 4th quarter worth approximately $62,022,000. Finally, Norges Bank purchased a new position in AGCO in the 4th quarter worth approximately $57,321,000. Hedge funds and other institutional investors 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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