AGCO (AGCO) Price Target Lowered to $63.00 at Credit Suisse Group

AGCO (NYSE:AGCO) had its target price lowered by analysts at Credit Suisse Group from $68.00 to $63.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the industrial products company’s stock. Credit Suisse Group’s price target indicates a potential upside of 11.80% from the company’s current price.

Other research analysts also recently issued reports about the stock. Deutsche Bank reaffirmed a “buy” rating on shares of AGCO in a research report on Monday, September 24th. ValuEngine raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of AGCO from an “underweight” rating to a “neutral” rating and increased their target price for the company from $55.00 to $57.00 in a research report on Wednesday. Morgan Stanley set a $53.00 target price on shares of AGCO and gave the company a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.79.

Shares of NYSE AGCO traded up $2.21 during mid-day trading on Wednesday, reaching $56.35. The company had a trading volume of 617,109 shares, compared to its average volume of 661,989. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. AGCO has a 52-week low of $49.50 and a 52-week high of $75.95.



AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.15 billion. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. As a group, sell-side analysts forecast that AGCO will post 3.77 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in AGCO. Whittier Trust Co. acquired a new stake in shares of AGCO in the 2nd quarter worth $124,000. Convergence Investment Partners LLC lifted its stake in shares of AGCO by 1,586.6% in the second quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 3,205 shares during the period. CHICAGO TRUST Co NA acquired a new stake in shares of AGCO in the third quarter valued at about $244,000. FDx Advisors Inc. lifted its stake in shares of AGCO by 21.7% in the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 978 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of AGCO by 45.8% in the second quarter. Toronto Dominion Bank now owns 6,349 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 1,993 shares during the period. Institutional investors own 85.11% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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