Analysts Set AGCO Corporation (NYSE:AGCO) PT at $111.80

AGCO Corporation (NYSE:AGCOGet Free Report) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $111.80.

Several analysts have weighed in on AGCO shares. JPMorgan Chase & Co. dropped their price target on AGCO from $127.00 to $123.00 and set an “overweight” rating on the stock in a research note on Friday, December 19th. UBS Group decreased their target price on AGCO from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, January 5th. Barclays downgraded shares of AGCO from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $116.00 to $93.00 in a report on Friday, December 19th. Citigroup lifted their price objective on shares of AGCO from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Truist Financial set a $134.00 price objective on shares of AGCO in a research note on Wednesday.

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AGCO News Summary

Here are the key news stories impacting AGCO this week:

AGCO Stock Down 1.7%

NYSE:AGCO opened at $111.37 on Thursday. The company has a market cap of $8.31 billion, a PE ratio of 22.14, a P/E/G ratio of 9.92 and a beta of 1.17. AGCO has a twelve month low of $73.79 and a twelve month high of $121.16. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $106.70 and its two-hundred day moving average is $108.49.

AGCO (NYSE:AGCOGet Free Report) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.48 billion. AGCO had a net margin of 3.73% and a return on equity of 9.36%. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Analysts anticipate that AGCO will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s dividend payout ratio (DPR) is currently 23.06%.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $104.28, for a total value of $26,070.00. Following the sale, the senior vice president owned 17,130 shares in the company, valued at $1,786,316.40. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGCO

Several hedge funds have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of AGCO in the 4th quarter valued at $256,000. Exchange Traded Concepts LLC grew its position in shares of AGCO by 16.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,541 shares of the industrial products company’s stock valued at $1,100,000 after acquiring an additional 1,512 shares during the period. SG Americas Securities LLC increased its stake in shares of AGCO by 2,167.4% in the 4th quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock valued at $16,410,000 after purchasing an additional 150,371 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in AGCO by 46.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,203 shares of the industrial products company’s stock worth $1,121,000 after purchasing an additional 3,221 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new position in AGCO during the fourth quarter worth approximately $204,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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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.

Further Reading

Analyst Recommendations for AGCO (NYSE:AGCO)

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