AGCO (NYSE:AGCO) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of AGCO (NYSE:AGCO) from a hold rating to a sell rating in a report released on Thursday morning.

A number of other research analysts have also weighed in on AGCO. Robert W. Baird reduced their price target on AGCO from $139.00 to $129.00 and set an outperform rating on the stock in a research note on Wednesday, July 31st. Oppenheimer reduced their target price on AGCO from $133.00 to $132.00 and set an outperform rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group lowered their price target on AGCO from $127.00 to $112.00 and set a neutral rating for the company in a report on Thursday, July 11th. Barclays cut their price objective on shares of AGCO from $145.00 to $110.00 and set an equal weight rating on the stock in a report on Thursday, July 18th. Finally, UBS Group lowered their target price on shares of AGCO from $107.00 to $104.00 and set a neutral rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, AGCO currently has a consensus rating of Hold and a consensus price target of $121.20.

AGCO Stock Down 1.9 %

Shares of NYSE AGCO opened at $89.57 on Thursday. The firm’s 50-day moving average is $100.24 and its two-hundred day moving average is $110.50. The company has a market capitalization of $6.68 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.27. AGCO has a 12-month low of $88.12 and a 12-month high of $132.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 1.09.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. AGCO’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.29 EPS. Equities analysts anticipate that AGCO will post 7.89 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is presently 7.85%.

Institutional Investors Weigh In On AGCO

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 worth $930,660,000 after acquiring an additional 784,617 shares during the last quarter. Victory Capital Management Inc. boosted its stake in AGCO by 0.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,060,587 shares of the industrial products company’s stock valued at $371,586,000 after purchasing an additional 18,209 shares during the period. Mirova US LLC grew its position in AGCO by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,198,024 shares of the industrial products company’s stock worth $117,263,000 after purchasing an additional 23,536 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of AGCO by 3,115.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,192,533 shares of the industrial products company’s stock valued at $144,785,000 after purchasing an additional 1,155,440 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of AGCO by 1.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,012,681 shares of the industrial products company’s stock valued at $122,517,000 after buying an additional 17,690 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

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.