AGCO (NYSE:AGCO) Price Target Raised to $155.00

AGCO (NYSE:AGCO) had its price target boosted by Morgan Stanley from $145.00 to $155.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on AGCO. BMO Capital Markets boosted their price objective on AGCO from $155.00 to $200.00 and gave the company an outperform rating in a report on Wednesday, March 10th. JPMorgan Chase & Co. boosted their price objective on AGCO from $128.00 to $136.00 and gave the company a neutral rating in a report on Wednesday, April 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded AGCO from a buy rating to a hold rating and set a $157.00 price objective on the stock. in a report on Wednesday, April 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on AGCO from $140.00 to $165.00 in a report on Tuesday, March 16th. Finally, Vertical Research initiated coverage on AGCO in a report on Wednesday, January 20th. They issued a hold rating and a $119.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $136.67.

NYSE:AGCO opened at $145.13 on Monday. AGCO has a 52 week low of $42.84 and a 52 week high of $153.82. The company has a quick ratio of 0.66, a current ratio of 1.38 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $10.93 billion, a P/E ratio of 53.75, a P/E/G ratio of 1.18 and a beta of 1.22. The stock’s fifty day moving average is $141.78 and its two-hundred day moving average is $110.54.

AGCO (NYSE:AGCO) last posted its earnings results on Wednesday, February 3rd. The industrial products company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.42. AGCO had a return on equity of 13.58% and a net margin of 2.27%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that AGCO will post 5.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Tuesday, February 16th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 12th. AGCO’s dividend payout ratio is currently 14.41%.

In related news, Director Wolfgang Deml sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $121.25, for a total value of $121,250.00. Following the sale, the director now owns 8,291 shares in the company, valued at approximately $1,005,283.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,500 shares of company stock worth $558,980. Insiders own 17.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Freedman Financial Associates Inc. acquired a new stake in shares of AGCO in the 4th quarter worth approximately $25,000. Captrust Financial Advisors grew its holdings in shares of AGCO by 82.1% in the 4th quarter. Captrust Financial Advisors now owns 275 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 124 shares during the period. CENTRAL TRUST Co grew its holdings in AGCO by 128.0% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the industrial products company’s stock valued at $59,000 after buying an additional 320 shares during the last quarter. TD Ameritrade Investment Management LLC acquired a new stake in AGCO during the 4th quarter valued at $99,000. Finally, CI Investments Inc. grew its holdings in AGCO by 110.2% during the 4th quarter. CI Investments Inc. now owns 986 shares of the industrial products company’s stock valued at $102,000 after buying an additional 517 shares during the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers high 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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Analyst Recommendations for AGCO (NYSE:AGCO)

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