Brokerages Set AGCO Co. (NYSE:AGCO) PT at $104.60

Shares of AGCO Co. (NYSE:AGCO) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $104.60.

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a report on Monday, March 17th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $116.00 to $100.00 in a report on Monday, March 3rd. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Morgan Stanley assumed coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Finally, Truist Financial lifted their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th.

AGCO Stock Up 1.6 %

NYSE AGCO opened at $98.85 on Friday. The business has a fifty day moving average price of $98.72 and a 200 day moving average price of $96.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company has a market cap of $7.37 billion, a P/E ratio of -17.37, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO has a one year low of $84.35 and a one year high of $125.76.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts anticipate that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO’s dividend payout ratio is currently -20.39%.

Institutional Trading of AGCO

A number of institutional investors and hedge funds have recently bought and sold shares of AGCO. Price T Rowe Associates Inc. MD increased its holdings in AGCO by 128.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock worth $608,026,000 after purchasing an additional 3,654,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AGCO by 534.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock worth $271,259,000 after acquiring an additional 2,444,615 shares in the last quarter. Invesco Ltd. increased its position in shares of AGCO by 68.7% in the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after purchasing an additional 961,081 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of AGCO in the 4th quarter valued at $62,022,000. Finally, Norges Bank purchased a new stake in shares of AGCO during the 4th quarter worth $57,321,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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.