Oppenheimer Raises AGCO (NYSE:AGCO) Price Target to $136.00

AGCO (NYSE:AGCO) had its price objective raised by equities research analysts at Oppenheimer from $132.00 to $136.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price suggests a potential upside of 13.74% from the company’s current price.

A number of other equities analysts have also commented on AGCO. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday, February 9th. Truist Financial raised their price target on shares of AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. BMO Capital Markets raised their price target on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Finally, Citigroup raised their price target on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.09.

AGCO Price Performance

Shares of AGCO opened at $119.57 on Wednesday. The firm has a market capitalization of $8.66 billion, a PE ratio of 12.26, a PEG ratio of 0.85 and a beta of 1.16. The company’s 50-day moving average is $123.05 and its 200-day moving average is $114.29. AGCO has a fifty-two week low of $82.06 and a fifty-two week high of $143.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.32. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities analysts forecast that AGCO will post 5.74 EPS for the current year.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the transaction, the senior vice president directly owned 16,844 shares of the company’s stock, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Large investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its stake in AGCO by 1,721.4% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after buying an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in AGCO during the third quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after buying an additional 257 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in AGCO by 3,725.0% during the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after buying an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in AGCO during the third quarter worth about $33,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.