AGCO (NYSE:AGCO) PT Raised to $128.00

AGCO (NYSE:AGCO) had its price target increased by equities research analysts at Barclays from $123.00 to $128.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target would suggest a potential upside of 1.54% from the company’s previous close.

Several other equities analysts also recently weighed in on AGCO. Deutsche Bank Aktiengesellschaft downgraded shares of AGCO from a “buy” rating to a “hold” rating and decreased their price target for the stock from $144.00 to $124.00 in a research note on Thursday, December 9th. Citigroup decreased their price target on shares of AGCO from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, November 10th. Bank of America downgraded shares of AGCO from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $154.00 to $135.00 in a research note on Monday, November 1st. Morgan Stanley raised their price target on shares of AGCO from $153.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, December 9th. Finally, Credit Suisse Group decreased their price target on shares of AGCO from $159.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $148.00.

AGCO stock opened at $126.06 on Thursday. The firm has a market cap of $9.43 billion, a PE ratio of 12.73, a P/E/G ratio of 0.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.58 and a current ratio of 1.35. The firm’s fifty day moving average is $118.91 and its 200 day moving average is $125.94. AGCO has a one year low of $101.69 and a one year high of $158.62.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, October 28th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.56. AGCO had a net margin of 7.01% and a return on equity of 21.45%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts predict that AGCO will post 9.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in shares of AGCO by 16.8% during the 2nd quarter. US Bancorp DE now owns 1,578 shares of the industrial products company’s stock worth $206,000 after buying an additional 227 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of AGCO by 120.9% during the 2nd quarter. WINTON GROUP Ltd now owns 4,085 shares of the industrial products company’s stock worth $533,000 after buying an additional 2,236 shares during the last quarter. Citigroup Inc. lifted its position in shares of AGCO by 29.1% during the 2nd quarter. Citigroup Inc. now owns 232,629 shares of the industrial products company’s stock worth $30,330,000 after buying an additional 52,369 shares during the last quarter. Van ECK Associates Corp raised its position in AGCO by 11.3% in the 2nd quarter. Van ECK Associates Corp now owns 136,227 shares of the industrial products company’s stock valued at $17,761,000 after purchasing an additional 13,811 shares during the last quarter. Finally, Ethic Inc. raised its position in AGCO by 12.8% in the 2nd quarter. Ethic Inc. now owns 2,543 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 75.63% of the company’s stock.

About AGCO

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America; South America; Europe and Middle East; and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

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