AGCO (NYSE:AGCO) PT Raised to $100.00

AGCO (NYSE:AGCO) had its price target increased by Citigroup from $88.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective points to a potential upside of 2.12% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird dropped their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Truist Financial upped their price target on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer decreased their price target on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Finally, Barclays decreased their price target on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $119.00.

AGCO Stock Performance

AGCO opened at $97.92 on Wednesday. The firm has a market cap of $7.31 billion, a P/E ratio of 6.63, a PEG ratio of 0.88 and a beta of 1.25. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $102.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the company posted $4.29 EPS. AGCO’s revenue was down 15.1% compared to the same quarter last year. Equities analysts forecast that AGCO will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lange Bob De bought 1,420 shares of AGCO stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the purchase, the director now owns 7,007 shares in the company, valued at $615,985.37. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Lange Bob De purchased 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the acquisition, the director now owns 7,007 shares in the company, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Forum Financial Management LP grew its holdings in AGCO by 5.5% during the 2nd quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares in the last quarter. Manchester Capital Management LLC grew its holdings in AGCO by 93.2% during the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 110 shares in the last quarter. Capital Insight Partners LLC grew its holdings in AGCO by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 110 shares in the last quarter. Stonehearth Capital Management LLC grew its holdings in AGCO by 6.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 1,778 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 113 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 117 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

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.