Morgan Stanley Raises AGCO (NYSE:AGCO) Price Target to $110.00

AGCO (NYSE:AGCO) had its price target lifted by stock analysts at Morgan Stanley from $108.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential downside of 4.78% from the company’s previous close.

Several other analysts have also issued reports on the stock. DA Davidson assumed coverage on shares of AGCO in a research report on Friday, July 10th. They issued a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Oppenheimer set a $134.00 price objective on shares of AGCO in a research note on Wednesday, May 6th. Weiss Ratings cut shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Truist Financial increased their target price on AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AGCO currently has an average rating of “Hold” and a consensus price target of $129.64.

AGCO Trading Up 0.2%

Shares of AGCO opened at $115.53 on Friday. The business has a 50-day moving average of $114.89 and a 200 day moving average of $117.99. AGCO has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The firm has a market cap of $8.37 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, research analysts forecast that AGCO will post 6.07 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the sale, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in AGCO by 2,167.4% in the 4th quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock worth $16,410,000 after acquiring an additional 150,371 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of AGCO by 3.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after acquiring an additional 98,988 shares during the last quarter. Davis Selected Advisers boosted its position in shares of AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after acquiring an additional 235,913 shares during the last quarter. Swedbank AB grew its holdings in shares of AGCO by 110.2% during the fourth quarter. Swedbank AB now owns 179,617 shares of the industrial products company’s stock worth $18,738,000 after purchasing an additional 94,183 shares in the last quarter. Finally, Capital World Investors increased its position in shares of AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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.