AGCO Co. (NYSE:AGCO) Given Consensus Recommendation of “Buy” by Analysts

Shares of AGCO Co. (NYSE:AGCO) have earned a consensus rating of “Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $150.50.

A number of equities analysts recently commented on AGCO shares. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Truist Financial started coverage on shares of AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target for the company. Oppenheimer boosted their price target on shares of AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, StockNews.com cut shares of AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AGCO. Lecap Asset Management Ltd. purchased a new position in shares of AGCO in the 4th quarter worth $1,082,000. Vontobel Holding Ltd. raised its stake in shares of AGCO by 6.5% in the 4th quarter. Vontobel Holding Ltd. now owns 106,351 shares of the industrial products company’s stock valued at $12,912,000 after acquiring an additional 6,494 shares during the period. Nordea Investment Management AB lifted its holdings in shares of AGCO by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company’s stock valued at $7,492,000 after acquiring an additional 1,036 shares in the last quarter. Vanguard Group Inc. increased its holdings in AGCO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company’s stock valued at $799,047,000 after purchasing an additional 32,583 shares in the last quarter. Finally, Invesco Ltd. raised its position in AGCO by 53.1% in the third quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company’s stock valued at $44,333,000 after purchasing an additional 130,051 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Up 2.2 %

AGCO stock opened at $119.14 on Tuesday. AGCO has a fifty-two week low of $105.77 and a fifty-two week high of $140.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The firm has a 50 day moving average price of $116.23 and a 200 day moving average price of $117.07. The company has a market capitalization of $8.89 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing the consensus estimate of $4.03 by ($0.25). The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $4.47 EPS. Research analysts expect that AGCO will post 13.06 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.97%. AGCO’s dividend payout ratio (DPR) is 7.42%.

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.