Shares of AGCO Co. (NYSE:AGCO) have been given a consensus rating of “Hold” by the sixteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.23.
Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of AGCO from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Goldman Sachs Group dropped their price objective on shares of AGCO from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Citigroup upped their price objective on shares of AGCO from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $62.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Wells Fargo & Co decreased their price target on AGCO from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th.
Shares of NYSE:AGCO traded up $0.24 during midday trading on Tuesday, reaching $54.74. The company had a trading volume of 7,539 shares, compared to its average volume of 511,750. The company’s 50 day moving average price is $54.10 and its 200 day moving average price is $60.30. The company has a current ratio of 1.49, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.08 billion, a P/E ratio of 34.18, a P/E/G ratio of 6.23 and a beta of 1.11. AGCO has a 52-week low of $35.33 and a 52-week high of $81.39.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 14th. AGCO’s dividend payout ratio (DPR) is 14.41%.
In other AGCO news, CAO Lara Thrush Long sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $56.55, for a total value of $124,410.00. Following the completion of the sale, the chief accounting officer now owns 3,494 shares of the company’s stock, valued at $197,585.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. FDx Advisors Inc. boosted its stake in AGCO by 181.9% in the first quarter. FDx Advisors Inc. now owns 10,378 shares of the industrial products company’s stock worth $30,000 after buying an additional 6,696 shares in the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of AGCO by 175.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 353 shares during the period. Bartlett & Co. LLC purchased a new stake in shares of AGCO during the first quarter valued at approximately $47,000. Pendal Group Ltd boosted its stake in shares of AGCO by 95.0% during the first quarter. Pendal Group Ltd now owns 2,192 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 1,068 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of AGCO by 806.6% during the first quarter. Tower Research Capital LLC TRC now owns 3,282 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,920 shares during the period. 78.74% 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. 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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