AGCO (NYSE:AGCO) Downgraded by StockNews.com to “Sell”

AGCO (NYSE:AGCO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other equities research analysts also recently weighed in on AGCO. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average target price of $104.60.

AGCO Price Performance

Shares of NYSE:AGCO opened at $79.45 on Thursday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of -13.96, a PEG ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO has a 12 month low of $73.79 and a 12 month high of $125.76. The stock’s 50 day moving average price is $96.97 and its 200 day moving average price is $96.82.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AGCO

A number of hedge funds and other institutional investors have recently made changes to their positions in AGCO. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in AGCO during the fourth quarter valued at approximately $3,144,000. Gateway Investment Advisers LLC acquired a new position in shares of AGCO during the 4th quarter worth $311,000. Olstein Capital Management L.P. raised its holdings in shares of AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock valued at $1,355,000 after purchasing an additional 2,500 shares in the last quarter. M&T Bank Corp lifted its stake in shares of 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 purchasing an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after purchasing an additional 12,328 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

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.