AGCO (NYSE:AGCO) Stock Keeps “Buy” Rating at DA Davidson

AGCO (NYSE:AGCO)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a report released on Thursday, Benzinga reports. They currently have a $151.00 price objective on the industrial products company’s stock. DA Davidson’s target price suggests a potential upside of 44.23% from the stock’s previous close.

Several other research firms have also commented on AGCO. Zacks Research upgraded shares of AGCO from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Oppenheimer restated an “outperform” rating on shares of AGCO in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. UBS Group reduced their price target on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Truist Financial boosted their price target on shares of AGCO from $135.00 to $146.00 and gave the company a “buy” rating in a report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.92.

AGCO Trading Up 1.4%

AGCO traded up $1.41 on Thursday, reaching $104.69. 1,401,900 shares of the company traded hands, compared to its average volume of 848,070. AGCO has a one year low of $98.22 and a one year high of $143.78. The firm has a fifty day simple moving average of $113.61 and a two-hundred day simple moving average of $115.01. The company has a market cap of $7.33 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts expect that AGCO will post 5.55 earnings per share for the current year.

Insider Activity

In related news, CEO Eric Hansotia sold 2,604 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the completion of the transaction, the chief executive officer owned 326,939 shares in the company, valued at $42,420,335.25. The trade was a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kelvin Bennett sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $132.89, for a total transaction of $132,890.00. Following the transaction, the senior vice president owned 14,047 shares of the company’s stock, valued at approximately $1,866,705.83. This trade represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 497,622 shares of company stock worth $57,461,807 over the last 90 days. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AGCO. BlackRock Inc. bought a new position in shares of AGCO during the 2nd quarter worth approximately $701,908,000. Bank of New York Mellon Corp bought a new position in shares of AGCO during the 2nd quarter worth approximately $64,273,000. Bank of America Corp DE bought a new position in shares of AGCO during the 2nd quarter worth approximately $62,281,000. Pacer Advisors Inc. raised its stake in shares of AGCO by 289.8% during the 4th quarter. Pacer Advisors Inc. now owns 274,814 shares of the industrial products company’s stock worth $28,669,000 after acquiring an additional 204,318 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in shares of AGCO during the 4th quarter worth approximately $21,251,000. Institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.