AGCO (NYSE:AGCO) Price Target Raised to $136.00 at Oppenheimer

AGCO (NYSE:AGCO) had its target price hoisted by investment analysts at Oppenheimer from $132.00 to $136.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 13.86% from the stock’s current price.

AGCO has been the topic of several other research reports. Truist Financial boosted their target price on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Weiss Ratings raised AGCO from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 14th. Citigroup boosted their target price on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. BMO Capital Markets boosted their target price on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $128.00 price objective on AGCO in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.09.

AGCO Trading Up 0.1%

Shares of NYSE AGCO traded up $0.11 during trading hours on Wednesday, hitting $119.45. 79,148 shares of the company traded hands, compared to its average volume of 761,812. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $123.84 and its 200 day moving average price is $114.23. AGCO has a 12 month low of $81.84 and a 12 month high of $143.78.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.32. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities research analysts anticipate that AGCO will post 5.74 earnings per share for the current fiscal year.

Insider Transactions at AGCO

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGCO

A number of large investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA boosted its holdings in AGCO by 13.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 10,425 shares of the industrial products company’s stock valued at $1,208,000 after acquiring an additional 1,253 shares during the period. Louisiana State Employees Retirement System purchased a new position in AGCO during the 1st quarter valued at $2,016,000. Ritholtz Wealth Management purchased a new stake in shares of AGCO in the 1st quarter worth $400,000. Baker Ellis Asset Management LLC lifted its holdings in shares of AGCO by 2.0% in the 1st quarter. Baker Ellis Asset Management LLC now owns 34,895 shares of the industrial products company’s stock worth $4,043,000 after buying an additional 670 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of AGCO by 73.7% in the 1st quarter. Diversified Trust Co now owns 4,701 shares of the industrial products company’s stock worth $545,000 after buying an additional 1,995 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.