AGCO Corporation (NYSE:AGCO) Receives Average Recommendation of “Hold” from Analysts

Shares of AGCO Corporation (NYSE:AGCO) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $111.6250.

AGCO has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of AGCO from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of AGCO in a research report on Saturday, September 27th. JPMorgan Chase & Co. reduced their price objective on AGCO from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, September 2nd. UBS Group reissued a “neutral” rating and issued a $119.00 target price (up from $100.00) on shares of AGCO in a research note on Friday, August 8th. Finally, Oppenheimer cut their price target on AGCO from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th.

Insider Activity at AGCO

In other AGCO news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the completion of the sale, the senior vice president owned 16,189 shares in the company, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On AGCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citizens National Bank Trust Department lifted its stake in AGCO by 400.0% in the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock valued at $28,000 after buying an additional 240 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AGCO in the 1st quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the last quarter. Finally, Quarry LP acquired a new position in AGCO during the first quarter valued at approximately $37,000. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 1.2%

Shares of AGCO opened at $109.91 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 82.02, a PEG ratio of 1.73 and a beta of 1.23. The stock has a fifty day moving average price of $110.52 and a two-hundred day moving average price of $102.40. AGCO has a 52-week low of $73.79 and a 52-week high of $121.16.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Analysts predict that AGCO will post 4.2 EPS for the current fiscal year.

AGCO declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.1%. AGCO’s dividend payout ratio (DPR) is presently 86.57%.

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.