AGCO Co. (NYSE:AGCO) Receives $113.18 Average Price Target from Analysts

Shares of AGCO Co. (NYSE:AGCO) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $113.18.

A number of analysts have recently weighed in on AGCO shares. The Goldman Sachs Group reduced their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Oppenheimer cut their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup increased their target price on shares of AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, December 9th.

AGCO Trading Up 0.4 %

AGCO stock opened at $97.12 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $97.55 and a two-hundred day moving average price of $96.29. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 0.56 and a beta of 1.24. AGCO has a 52-week low of $84.35 and a 52-week high of $130.26.

AGCO (NYSE:AGCO) last issued 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). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company’s revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.97 earnings per share. Sell-side analysts expect that AGCO will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. AGCO’s dividend payout ratio is currently 51.33%.

Institutional Investors Weigh In On AGCO

A number of large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of AGCO during the third quarter valued at approximately $52,000. Neo Ivy Capital Management acquired a new position in AGCO in the 3rd quarter valued at approximately $1,676,000. Coldstream Capital Management Inc. increased its stake in AGCO by 9.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,329 shares of the industrial products company’s stock valued at $324,000 after buying an additional 284 shares during the period. Geode Capital Management LLC increased its stake in AGCO by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after buying an additional 80,516 shares during the period. Finally, M&T Bank Corp increased its stake in AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after buying an additional 48,198 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.