AGCO (NYSE:AGCO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of AGCO (NYSE:AGCO) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

AGCO has been the topic of a number of other reports. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock. Citigroup reduced their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer raised their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial lifted their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.20.

AGCO Stock Up 2.0 %

Shares of AGCO opened at $100.01 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a 52 week low of $84.35 and a 52 week high of $125.76. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 1.03 and a beta of 1.25. The stock has a fifty day moving average of $97.79 and a 200-day moving average of $95.54.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a net margin of 1.35% and a return on equity of 15.79%. As a group, sell-side analysts anticipate that AGCO will post 7.33 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Institutional Trading of AGCO

Several large investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in AGCO in the third quarter valued at $29,000. Allworth Financial LP increased its position in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after buying an additional 220 shares in the last quarter. UMB Bank n.a. raised its stake in AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the fourth quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds 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.