AGCO Co. (NYSE:AGCO) has been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $83.57.
Several brokerages have recently issued reports on AGCO. OTR Global lowered shares of AGCO to a “positive” rating in a report on Thursday, October 24th. BMO Capital Markets raised shares of AGCO from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $100.00 in a report on Thursday, November 14th. UBS Group decreased their price target on shares of AGCO from $81.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Citigroup reduced their target price on shares of AGCO from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered shares of AGCO from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a research note on Friday, November 15th. They noted that the move was a valuation call.
In related news, VP Gary L. Collar sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $77.76, for a total value of $388,800.00. Following the completion of the transaction, the vice president now directly owns 78,807 shares of the company’s stock, valued at approximately $6,128,032.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew H. Beck sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $79.62, for a total transaction of $796,200.00. Following the completion of the transaction, the chief financial officer now directly owns 128,218 shares of the company’s stock, valued at $10,208,717.16. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. LPL Financial LLC lifted its position in AGCO by 5.6% during the 2nd quarter. LPL Financial LLC now owns 3,064 shares of the industrial products company’s stock worth $238,000 after buying an additional 163 shares in the last quarter. Colony Group LLC lifted its position in AGCO by 0.7% during the 2nd quarter. Colony Group LLC now owns 30,862 shares of the industrial products company’s stock worth $2,394,000 after buying an additional 200 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in AGCO by 7.5% during the 2nd quarter. United Capital Financial Advisers LLC now owns 3,932 shares of the industrial products company’s stock worth $306,000 after buying an additional 274 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AGCO by 6.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the industrial products company’s stock worth $353,000 after buying an additional 279 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in AGCO during the 3rd quarter worth about $26,000. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AGCO stock traded up $0.03 on Tuesday, hitting $74.54. The stock had a trading volume of 299,557 shares, compared to its average volume of 344,712. AGCO has a twelve month low of $60.26 and a twelve month high of $81.39. The firm has a market cap of $5.57 billion, a P/E ratio of 19.16, a PEG ratio of 1.09 and a beta of 0.99. The company has a current ratio of 1.31, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $77.02 and a two-hundred day moving average price of $75.25.
AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. AGCO had a net margin of 3.42% and a return on equity of 12.26%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect that AGCO will post 5.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Thursday, November 14th. AGCO’s payout ratio is presently 16.45%.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
See Also: How Do I Invest in Dividend Stocks
Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.