AGCO Co. (NYSE:AGCO) has been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $65.73.
A number of equities analysts recently commented on the company. Bank of America upgraded AGCO from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $58.00 to $63.00 in a report on Monday, December 3rd. William Blair restated a “buy” rating on shares of AGCO in a report on Wednesday, November 21st. UBS Group set a $63.00 price objective on AGCO and gave the stock a “hold” rating in a report on Wednesday, November 7th. BMO Capital Markets dropped their price objective on AGCO from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Finally, Citigroup dropped their price objective on AGCO from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd.
In other AGCO news, VP Gary L. Collar sold 2,070 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $56.64, for a total transaction of $117,244.80. Following the transaction, the vice president now owns 84,463 shares in the company, valued at $4,783,984.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 16.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Sei Investments Co. grew its holdings in AGCO by 200.1% during the second quarter. Sei Investments Co. now owns 110,305 shares of the industrial products company’s stock valued at $6,698,000 after purchasing an additional 73,550 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in AGCO during the second quarter valued at approximately $2,283,000. FDx Advisors Inc. grew its holdings in AGCO by 21.7% during the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 978 shares during the last quarter. Elk Creek Partners LLC grew its holdings in AGCO by 12.0% during the third quarter. Elk Creek Partners LLC now owns 81,774 shares of the industrial products company’s stock valued at $4,971,000 after purchasing an additional 8,784 shares during the last quarter. Finally, AGF Investments Inc. grew its holdings in AGCO by 10.7% during the second quarter. AGF Investments Inc. now owns 1,648,127 shares of the industrial products company’s stock valued at $100,074,000 after purchasing an additional 159,307 shares during the last quarter. Institutional investors own 85.73% of the company’s stock.
Shares of NYSE AGCO traded down $1.43 during mid-day trading on Monday, reaching $56.76. The company had a trading volume of 1,026,806 shares, compared to its average volume of 1,064,780. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 0.63. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.80. AGCO has a 12-month low of $49.50 and a 12-month high of $75.95.
AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. AGCO had a net margin of 2.49% and a return on equity of 9.70%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that AGCO will post 3.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. AGCO’s dividend payout ratio is currently 19.87%.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
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