AGCO Co. (NYSE:AGCO) has been given an average recommendation of “Hold” by the twenty ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $70.53.

Several research analysts have weighed in on AGCO shares. Deutsche Bank cut AGCO from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Tuesday, June 30th. BofA Securities raised AGCO from an “underperform” rating to a “neutral” rating and set a $68.00 price objective on the stock in a research report on Wednesday, July 22nd. Melius raised AGCO from an “underweight” rating to a “neutral” rating in a research report on Friday, August 21st. Citigroup boosted their price objective on AGCO from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of AGCO in a research report on Monday, July 6th.

Shares of AGCO stock opened at $75.68 on Friday. The stock has a fifty day simple moving average of $71.28 and a 200 day simple moving average of $57.80. AGCO has a 12-month low of $35.33 and a 12-month high of $81.39. The company has a market capitalization of $5.67 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.24 and a beta of 1.18. The company has a current ratio of 1.48, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $1.04. AGCO had a return on equity of 9.99% and a net margin of 0.63%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.74 billion. On average, analysts predict that AGCO will post 3.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. AGCO’s dividend payout ratio (DPR) is 14.41%.

In related news, SVP Lucinda B. Smith sold 2,500 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $73.00, for a total transaction of $182,500.00. Also, SVP Lucinda B. Smith sold 2,546 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $72.50, for a total value of $184,585.00. Following the sale, the senior vice president now directly owns 35,017 shares in the company, valued at approximately $2,538,732.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,046 shares of company stock worth $1,088,685 in the last three months. 17.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC bought a new position in AGCO in the 2nd quarter worth about $343,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in AGCO by 7.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 30,028 shares of the industrial products company’s stock worth $1,665,000 after acquiring an additional 2,124 shares during the last quarter. Principal Financial Group Inc. increased its stake in AGCO by 1.7% in the 2nd quarter. Principal Financial Group Inc. now owns 200,457 shares of the industrial products company’s stock worth $11,118,000 after acquiring an additional 3,299 shares during the last quarter. Quadrature Capital Ltd bought a new position in AGCO in the 2nd quarter worth about $332,000. Finally, Handelsbanken Fonder AB bought a new position in AGCO in the 2nd quarter worth about $549,000. Institutional investors and hedge funds own 79.01% of the company’s stock.

About AGCO

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.

Featured Article: Gap Down Stocks

Analyst Recommendations for AGCO (NYSE:AGCO)

Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.