Morgan Stanley Boosts AGCO (NYSE:AGCO) Price Target to $110.00

AGCO (NYSE:AGCO) had its price target raised by equities research analysts at Morgan Stanley from $108.00 to $110.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential downside of 5.14% from the stock’s previous close.

Several other brokerages also recently weighed in on AGCO. DA Davidson initiated coverage on shares of AGCO in a research note on Friday, July 10th. They issued a “buy” rating and a $160.00 target price on the stock. Truist Financial increased their price objective on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. UBS Group reissued a “neutral” rating and issued a $123.00 price objective on shares of AGCO in a research note on Sunday, May 10th. Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $129.64.

AGCO Trading Up 0.5%

NYSE AGCO traded up $0.60 during trading hours on Friday, hitting $115.95. 190,313 shares of the company were exchanged, compared to its average volume of 747,477. The stock has a market cap of $8.40 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. AGCO has a 52 week low of $99.21 and a 52 week high of $143.78. The stock has a 50-day moving average price of $114.92 and a 200 day moving average price of $118.01. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Analysts forecast that AGCO will post 6.07 earnings per share for the current fiscal year.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Institutional Trading of AGCO

A number of hedge funds have recently bought and sold shares of the stock. Wedge Capital Management L L P NC increased its holdings in shares of AGCO by 19.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 111,374 shares of the industrial products company’s stock valued at $13,331,000 after acquiring an additional 17,846 shares during the period. Gradient Investments LLC grew its stake in AGCO by 9.4% in the second quarter. Gradient Investments LLC now owns 21,742 shares of the industrial products company’s stock valued at $2,603,000 after purchasing an additional 1,867 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 232 shares during the last quarter. GAMMA Investing LLC raised its holdings in AGCO by 5.0% in the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 94 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in AGCO by 12.1% in the second quarter. Versant Capital Management Inc now owns 3,449 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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.