AGCO Co. (NYSE:AGCO) Receives $104.60 Average Target Price from Analysts

AGCO Co. (NYSE:AGCO) has earned an average rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $104.60.

Several research analysts have weighed in on the company. Truist Financial lifted their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Oppenheimer boosted their price target on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Finally, Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd.

AGCO Stock Performance

AGCO stock opened at $93.12 on Friday. The business’s 50-day moving average price is $98.83 and its two-hundred day moving average price is $96.74. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The firm has a market cap of $6.95 billion, a PE ratio of -16.37, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO has a 1-year low of $84.35 and a 1-year high of $125.76.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. As a group, research analysts forecast that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments Inc acquired a new position in AGCO during the third quarter worth approximately $372,000. Thrivent Financial for Lutherans increased its position in AGCO by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 109,493 shares of the industrial products company’s stock worth $10,715,000 after buying an additional 532 shares during the last quarter. First Horizon Advisors Inc. increased its position in AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after buying an additional 117 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after buying an additional 66,303 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after buying an additional 538,955 shares during the last quarter. 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.