AGCO Corporation (NYSE:AGCO) Stock Has Consensus Price Target of $123.92

Shares of AGCO Corporation (NYSE:AGCO) have received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $123.25.

AGCO has been the topic of several analyst reports. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $120.00 to $150.00 in a research note on Monday, August 31st. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group lowered their price target on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Oppenheimer restated an “outperform” rating on shares of AGCO in a report on Thursday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $151.00 price objective on shares of AGCO in a research report on Thursday, October 8th.

Insider Activity at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ivory Harris sold 1,600 shares of AGCO stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the completion of the sale, the senior vice president owned 14,454 shares of the company’s stock, valued at $1,811,086.20. This trade represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 497,622 shares of company stock valued at $57,461,807 over the last three months. Company insiders own 0.62% of the company’s stock.

Institutional Trading of AGCO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. Vontobel Holding Ltd. lifted its holdings in shares of AGCO by 1.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 61,449 shares of the industrial products company’s stock valued at $7,019,000 after buying an additional 896 shares during the period. Fortitude Family Office LLC raised its position in AGCO by 234.8% during the third quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. QRG Capital Management Inc. raised its position in AGCO by 13.6% during the second quarter. QRG Capital Management Inc. now owns 2,820 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 338 shares in the last quarter. MAC Alpha Capital Management LP lifted its holdings in AGCO by 8.1% in the second quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company’s stock valued at $3,652,000 after acquiring an additional 2,280 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in AGCO by 7.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 1.4%

Shares of NYSE:AGCO opened at $102.25 on Friday. AGCO has a 12-month low of $98.22 and a 12-month high of $143.78. The business’s fifty day simple moving average is $113.82 and its 200-day simple moving average is $114.58. The company has a market capitalization of $7.16 billion, a PE ratio of 17.61, a P/E/G ratio of 0.78 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts predict that AGCO will post 5.55 earnings per share for the current fiscal year.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.