AGCO Corporation (NYSE:AGCO) Given Average Rating of “Hold” by Brokerages

AGCO Corporation (NYSE:AGCO) has been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $113.6667.

AGCO has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $123.00 price target (down previously from $142.00) on shares of AGCO in a report on Monday, November 3rd. UBS Group reiterated a “neutral” rating and set a $119.00 target price (up from $100.00) on shares of AGCO in a research note on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $123.00 price objective on shares of AGCO in a report on Monday. Barclays raised their target price on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

AGCO Price Performance

Shares of NYSE AGCO opened at $105.49 on Friday. The company has a 50 day moving average of $107.98 and a 200 day moving average of $105.78. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. AGCO has a twelve month low of $73.79 and a twelve month high of $121.16. The firm has a market cap of $7.87 billion, a P/E ratio of 78.73, a PEG ratio of 1.73 and a beta of 1.25.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, research analysts expect that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be given a $0.29 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.1%. AGCO’s dividend payout ratio is presently 23.06%.

Insider Activity

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president directly owned 16,189 shares of the company’s stock, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.60% of the company’s stock.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in AGCO. Cullen Frost Bankers Inc. raised its position in shares of AGCO by 1,721.4% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after buying an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of AGCO in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 257 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of AGCO in the 1st quarter valued at approximately $32,000. Finally, SJS Investment Consulting Inc. increased its position in shares of AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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.