Brokerages Set AGCO Co. (NYSE:AGCO) Price Target at $108.10

Shares of AGCO Co. (NYSE:AGCO) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $108.10.

A number of research firms have commented on AGCO. Citigroup lifted their price objective on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Truist Financial boosted their price objective on AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock.

Institutional Trading of AGCO

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of AGCO by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 78,808 shares of the industrial products company’s stock valued at $7,392,000 after purchasing an additional 4,143 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in AGCO in the fourth quarter valued at about $236,000. GAMMA Investing LLC grew its position in AGCO by 174.7% in the fourth quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 346 shares during the last quarter. Principal Financial Group Inc. raised its stake in AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after acquiring an additional 150,656 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of AGCO in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO opened at $90.13 on Friday. The company has a market cap of $6.73 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The firm has a 50-day moving average of $95.33 and a 200-day moving average of $95.05. AGCO has a one year low of $84.35 and a one year high of $130.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $3.97 EPS. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. As a group, equities analysts forecast that AGCO will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio is currently 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.