AGCO Corporation (NYSE:AGCO) Stock Has Average Price Target of $123.92 According to Brokerages

Shares of AGCO Corporation (NYSE:AGCO) have received an average rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $123.25.

AGCO has been the topic of several research reports. Wells Fargo & Company decreased their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Zacks Research upgraded shares of AGCO from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson restated a “buy” rating and issued a $151.00 target price on shares of AGCO in a report on Thursday, October 8th. UBS Group reduced their price target on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Oppenheimer reiterated an “outperform” rating on shares of AGCO in a report on Thursday, October 8th.

AGCO Stock Up 0.8%

AGCO opened at $105.44 on Friday. The company has a market cap of $7.38 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. AGCO has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a 50-day moving average price of $113.97 and a 200 day moving average price of $114.42. 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 posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the firm posted $1.35 earnings per share. AGCO’s quarterly revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts expect that AGCO will post 5.55 earnings per share for the current fiscal year.

Insider Transactions at AGCO

In related news, SVP Ivory Harris sold 1,600 shares of AGCO stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $125.30, for a total value of $200,480.00. Following the completion of the sale, the senior vice president owned 14,454 shares in the company, valued at approximately $1,811,086.20. This trade represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Hansotia sold 2,604 shares of AGCO 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 sale, the chief executive officer owned 326,939 shares of the company’s stock, valued at $42,420,335.25. This trade represents a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 497,622 shares of company stock worth $57,461,807. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On AGCO

A number of institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in AGCO during the 2nd quarter worth approximately $1,239,000. The Manufacturers Life Insurance Company increased its position in shares of AGCO by 27.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after purchasing an additional 26,862 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of AGCO by 21.5% in the 2nd quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock valued at $11,863,000 after purchasing an additional 17,562 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of AGCO in the 2nd quarter valued at $2,216,000. Finally, Bank of America Corp DE raised its stake in AGCO by 19.4% in the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after buying an additional 88,571 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.