AGCO Co. (NYSE:AGCO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AGCO Co. (NYSE:AGCO) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $107.20.

A number of equities research analysts have recently issued reports on AGCO shares. Oppenheimer boosted their target price on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Truist Financial increased their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

AGCO Trading Down 0.1 %

Shares of AGCO stock opened at $103.39 on Thursday. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The firm has a 50 day moving average price of $97.85 and a two-hundred day moving average price of $95.53. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.72 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.97 earnings per share. As a group, analysts predict that AGCO will post 7.33 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SRS Capital Advisors Inc. increased its position in AGCO by 7,015.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,352 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 1,333 shares in the last quarter. US Bancorp DE increased its holdings in shares of AGCO by 14.5% during the fourth quarter. US Bancorp DE now owns 1,858 shares of the industrial products company’s stock worth $174,000 after buying an additional 235 shares in the last quarter. MMCAP International Inc. SPC lifted its stake in shares of AGCO by 1.1% in the 4th quarter. MMCAP International Inc. SPC now owns 108,253 shares of the industrial products company’s stock valued at $10,119,000 after acquiring an additional 1,200 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of AGCO by 104.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 37,044 shares of the industrial products company’s stock valued at $3,463,000 after acquiring an additional 18,922 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in AGCO by 1.1% in the 4th quarter. Amalgamated Bank now owns 29,510 shares of the industrial products company’s stock worth $2,759,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

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.