News coverage about AGCO (NYSE:AGCO) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AGCO earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 44.446616858446 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- AGCO Expands Used Equipment Risk Management Offering – Hay & Forage Grower (hayandforage.com)
- Myburgh selected as Operator of the Year – High Plains Journal (hpj.com)
- AGCO to Host Analyst Meeting (finance.yahoo.com)
- AGCO Names Andrew Myburgh 2017 Operator of the Year (croplife.com)
- Stocks Showing Improved Relative Strength: AGCO (finance.yahoo.com)
AGCO (AGCO) traded down $0.79 during trading hours on Wednesday, hitting $70.71. The stock had a trading volume of 562,923 shares, compared to its average volume of 639,601. The company has a market capitalization of $5,745.06, a price-to-earnings ratio of 26.17, a PEG ratio of 1.81 and a beta of 0.83. AGCO has a 52 week low of $57.06 and a 52 week high of $75.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 0.70.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.07. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. sell-side analysts forecast that AGCO will post 3.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. AGCO’s dividend payout ratio is presently 22.05%.
A number of brokerages recently issued reports on AGCO. Goldman Sachs Group raised AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, November 30th. Piper Jaffray Companies set a $66.00 price target on AGCO and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded AGCO from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. UBS reissued a “neutral” rating on shares of AGCO in a research report on Friday, October 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $73.00 price objective on shares of AGCO in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. AGCO currently has a consensus rating of “Hold” and a consensus price target of $70.47.
In other news, SVP Robert B. Crain sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $70.72, for a total transaction of $495,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.60% of the company’s stock.
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AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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