AGCO (NYSE:AGCO) Stock Rating Lowered by Baird R W

AGCO (NYSE:AGCO) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms also recently commented on AGCO. The Goldman Sachs Group cut their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Oppenheimer upped their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup cut their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial upped their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Trading Down 6.4 %

Shares of AGCO stock opened at $90.75 on Monday. The company’s fifty day moving average price is $98.06 and its two-hundred day moving average price is $96.18. The firm has a market capitalization of $6.77 billion, a PE ratio of -15.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. AGCO has a 52-week low of $84.35 and a 52-week high of $125.76. 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 (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 analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, analysts expect that AGCO will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of AGCO by 128.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock valued at $608,026,000 after buying an additional 3,654,350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AGCO by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company’s stock valued at $278,951,000 after acquiring an additional 258,054 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock worth $271,259,000 after purchasing an additional 2,444,615 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in AGCO by 1.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock worth $256,522,000 after purchasing an additional 39,966 shares during the last quarter. Finally, Invesco Ltd. lifted its position in AGCO by 68.7% during the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after purchasing an additional 961,081 shares during the period. Institutional investors own 78.80% of the company’s stock.

About AGCO

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.