Oppenheimer Raises AGCO (NYSE:AGCO) Price Target to $154.00

AGCO (NYSE:AGCO) had its price objective boosted by Oppenheimer from $153.00 to $154.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also issued reports on AGCO. Stifel Nicolaus decreased their target price on AGCO from $160.00 to $153.00 and set a buy rating for the company in a research report on Tuesday, December 19th. Truist Financial assumed coverage on AGCO in a research report on Thursday, March 14th. They issued a buy rating and a $142.00 target price for the company. JPMorgan Chase & Co. increased their target price on AGCO from $145.00 to $150.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Finally, StockNews.com lowered AGCO from a buy rating to a hold rating in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $150.50.

AGCO Trading Up 0.4 %

AGCO opened at $116.73 on Tuesday. The business has a 50 day simple moving average of $115.42 and a two-hundred day simple moving average of $117.12. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. AGCO has a one year low of $105.77 and a one year high of $140.46.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the company posted $4.47 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. Analysts predict that AGCO will post 13.05 EPS for the current year.

Institutional Trading of AGCO

Several institutional investors have recently added to or reduced their stakes in AGCO. Massachusetts Financial Services Co. MA boosted its stake in AGCO by 3,115.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,192,533 shares of the industrial products company’s stock valued at $144,785,000 after purchasing an additional 1,155,440 shares during the last quarter. Pacer Advisors Inc. boosted its stake in AGCO by 7,297.1% during the 4th quarter. Pacer Advisors Inc. now owns 722,915 shares of the industrial products company’s stock valued at $87,769,000 after purchasing an additional 713,142 shares during the last quarter. Millennium Management LLC boosted its stake in AGCO by 2,102.6% during the 4th quarter. Millennium Management LLC now owns 725,961 shares of the industrial products company’s stock valued at $100,684,000 after purchasing an additional 693,002 shares during the last quarter. Norges Bank purchased a new stake in AGCO during the 4th quarter valued at $83,733,000. Finally, Victory Capital Management Inc. boosted its stake in AGCO by 24.7% during the 3rd quarter. Victory Capital Management Inc. now owns 3,042,378 shares of the industrial products company’s stock valued at $359,852,000 after purchasing an additional 601,877 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.