AGCO Corporation (NYSE:AGCO) Given Average Recommendation of “Hold” by Brokerages

AGCO Corporation (NYSE:AGCO) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $113.70.

A number of analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $119.00 price objective (up from $100.00) on shares of AGCO in a research report on Friday, August 8th. Zacks Research downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Citigroup cut their price target on shares of AGCO from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Barclays upped their price target on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th.

AGCO Trading Up 3.5%

AGCO opened at $111.06 on Wednesday. AGCO has a 1-year low of $73.79 and a 1-year high of $121.16. The stock has a market capitalization of $8.29 billion, a PE ratio of 82.88, a PEG ratio of 1.73 and a beta of 1.25. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $107.08 and a two-hundred day moving average price of $107.29.

AGCO (NYSE:AGCO) last announced its earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. AGCO’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, equities analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 14th. AGCO’s payout ratio is presently 23.06%.

Insider Activity at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $104.28, for a total value of $26,070.00. Following the completion of the transaction, the senior vice president owned 17,130 shares in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC bought a new stake in shares of AGCO during the 3rd quarter worth approximately $50,000. Tweedy Browne Co LLC raised its holdings in shares of AGCO by 97.5% in the 3rd quarter. Tweedy Browne Co LLC now owns 9,389 shares of the industrial products company’s stock valued at $1,005,000 after purchasing an additional 4,634 shares during the period. Coldstream Capital Management Inc. lifted its stake in AGCO by 7.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,017 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 215 shares during the last quarter. Danske Bank A S bought a new position in AGCO during the third quarter worth about $54,000. Finally, Advisory Services Network LLC acquired a new position in AGCO during the third quarter worth approximately $33,000. 78.80% of the stock is currently owned by 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.