AGCO (NYSE:AGCO) Downgraded by Robert W. Baird to Neutral

AGCO (NYSE:AGCO) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $100.00 target price on the industrial products company’s stock, down from their previous target price of $116.00. Robert W. Baird’s target price would suggest a potential upside of 12.35% from the stock’s current price.

Other equities analysts have also issued reports about the company. Oppenheimer raised their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Truist Financial boosted their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.30.

AGCO Price Performance

Shares of NYSE:AGCO opened at $89.01 on Monday. The firm has a market capitalization of $6.64 billion, a PE ratio of -15.64, a P/E/G ratio of 1.80 and a beta of 1.25. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $98.00 and a two-hundred day moving average price of $96.20. AGCO has a twelve month low of $84.35 and a twelve month high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities analysts forecast that AGCO will post 4.2 EPS for the current year.

Hedge Funds Weigh In On AGCO

Institutional investors have recently made changes to their positions in the stock. GeoWealth Management LLC bought a new stake in shares of AGCO during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new stake in AGCO during the third quarter valued at about $29,000. Allworth Financial LP lifted its stake in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of AGCO during the 4th quarter valued at about $33,000. Institutional investors 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.