AGCO (NYSE:AGCO) Stock Rating Upgraded by StockNews.com

AGCO (NYSE:AGCO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer raised their price objective 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 lowered their target price on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Citigroup raised AGCO from a “neutral” rating to a “buy” rating and lowered their price target for the company from $98.00 to $90.00 in a research report on Tuesday, April 8th. Finally, UBS Group reduced their target price on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AGCO presently has an average rating of “Hold” and an average price target of $98.30.

AGCO Stock Performance

Shares of NYSE:AGCO opened at $79.89 on Tuesday. The business has a 50-day moving average of $91.78 and a two-hundred day moving average of $95.52. AGCO has a 12 month low of $73.79 and a 12 month high of $121.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The firm has a market capitalization of $5.96 billion, a PE ratio of -14.04, a P/E/G ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO) last issued 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, research analysts forecast that AGCO will post 4.2 earnings per share for the current year.

Hedge Funds Weigh In On AGCO

A number of institutional investors have recently modified their holdings of AGCO. Allworth Financial LP raised its stake in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after buying an additional 220 shares during the last quarter. GeoWealth Management LLC bought a new stake in AGCO during the 4th quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in AGCO in the fourth quarter valued at $33,000. Finally, Jones Financial Companies Lllp increased its stake in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after buying an additional 265 shares during the last quarter. 78.80% of the stock is 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.