Zacks Research Brokers Increase Earnings Estimates for AGCO

AGCO Co. (NYSE:AGCO - Free Report) - Analysts at Zacks Research raised their Q4 2024 EPS estimates for shares of AGCO in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst S. Deb now forecasts that the industrial products company will post earnings of $1.97 per share for the quarter, up from their prior estimate of $1.74. The consensus estimate for AGCO's current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO's Q4 2025 earnings at $1.92 EPS.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Oppenheimer cut their target price on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. BMO Capital Markets initiated coverage on shares of AGCO in a research report on Friday, August 9th. They issued a "market perform" rating and a $96.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of AGCO from $130.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com lowered shares of AGCO from a "hold" rating to a "sell" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $114.40.

AGCO Trading Up 0.3 %

AGCO stock opened at $92.03 on Thursday. The stock has a market cap of $6.87 billion, a P/E ratio of 40.72, a PEG ratio of 0.53 and a beta of 1.25. AGCO has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The firm's fifty day moving average price is $96.11 and its 200-day moving average price is $97.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company's revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.97 EPS.

Hedge Funds Weigh In On AGCO

Several hedge funds and other institutional investors have recently modified their holdings of AGCO. Great Valley Advisor Group Inc. raised its stake in AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company's stock worth $3,038,000 after buying an additional 7,171 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in AGCO by 146.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company's stock worth $10,538,000 after buying an additional 50,892 shares in the last quarter. Cetera Investment Advisers raised its stake in AGCO by 377.0% in the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company's stock worth $2,177,000 after buying an additional 13,985 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company's stock valued at $1,670,000 after purchasing an additional 5,069 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of AGCO by 11.6% during the first quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company's stock valued at $930,660,000 after purchasing an additional 784,617 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 15th. AGCO's dividend payout ratio (DPR) is 51.33%.

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.

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