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

Shares of AGCO Co. (NYSE:AGCO) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $107.20.

Several equities research analysts have recently commented on AGCO shares. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Truist Financial upped their target price on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th.

AGCO Stock Performance

Shares of AGCO stock opened at $97.04 on Monday. AGCO has a one year low of $84.35 and a one year high of $125.76. The company has a market cap of $7.24 billion, a PE ratio of -17.05, a P/E/G ratio of 1.80 and a beta of 1.25. 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 business has a 50-day simple moving average of $97.99 and a 200-day simple moving average of $95.96.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. On average, equities research analysts forecast that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.20%. AGCO’s dividend payout ratio is currently -20.39%.

Institutional Investors Weigh In On AGCO

Several large investors have recently made changes to their positions in AGCO. Price T Rowe Associates Inc. MD grew 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 valued at $608,026,000 after purchasing an additional 3,654,350 shares in the last quarter. 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 valued at $271,259,000 after purchasing an additional 2,444,615 shares in the last quarter. Invesco Ltd. grew its holdings in AGCO by 68.7% during 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 in the last quarter. Lord Abbett & CO. LLC acquired a new stake in AGCO during the 4th quarter valued at $62,022,000. Finally, Norges Bank acquired a new stake in AGCO during the 4th quarter valued at $57,321,000. Institutional investors and hedge funds 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.