AGCO (NYSE:AGCO) Price Target Lowered to $88.00 at UBS Group

AGCO (NYSE:AGCO - Free Report) had its price target trimmed by UBS Group from $100.00 to $88.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company's stock.

Several other equities analysts have also recently issued reports on AGCO. Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Citigroup lifted their target price on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a report on Monday, March 17th. Truist Financial increased their price target on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AGCO presently has an average rating of "Hold" and an average target price of $100.90.

AGCO Price Performance

NYSE:AGCO traded up $2.18 during midday trading on Monday, hitting $86.09. 749,853 shares of the stock were exchanged, compared to its average volume of 885,723. The company has a market capitalization 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 current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO has a one year low of $73.79 and a one year high of $122.26. The business has a 50-day moving average price of $93.78 and a two-hundred day moving average price of $96.19.

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AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. Sell-side analysts predict that AGCO will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued 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 is currently -20.39%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AGCO. Allworth Financial LP raised its holdings in shares of AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of AGCO in the fourth quarter worth about $27,000. UMB Bank n.a. boosted its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the 4th quarter valued at about $33,000. Finally, Jones Financial Companies Lllp raised its stake in shares of AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 265 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

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.