AGCO (NYSE:AGCO) Reaches New 12-Month High Following Analyst Upgrade

AGCO Corporation (NYSE:AGCO)’s stock price hit a new 52-week high on Tuesday after Truist Financial raised their price target on the stock from $134.00 to $152.00. Truist Financial currently has a buy rating on the stock. AGCO traded as high as $133.77 and last traded at $133.6660, with a volume of 877535 shares changing hands. The stock had previously closed at $132.57.

A number of other research analysts have also commented on AGCO. Barclays raised their price objective on shares of AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. UBS Group reiterated a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. Oppenheimer raised their target price on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.73.

Institutional Investors Weigh In On AGCO

A number of institutional investors have recently bought and sold shares of AGCO. Cullen Frost Bankers Inc. lifted its position in shares of AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in AGCO in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares during the period. SJS Investment Consulting Inc. grew its holdings 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 acquiring an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of AGCO during the 3rd quarter valued at $33,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $111.77 and its two-hundred day moving average price is $109.74. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.96 and a beta of 1.19.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Analysts anticipate that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 13th. AGCO’s dividend payout ratio (DPR) is 11.90%.

About AGCO

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.