AGCO (NYSE:AGCO) Reaches New 12-Month High Following Analyst Upgrade

AGCO Corporation (NYSE:AGCO) hit a new 52-week high on Tuesday after Truist Financial raised their price target on the stock from $134.00 to $152.00. Truist Financial currently has a buy rating on the stock. AGCO traded as high as $133.77 and last traded at $133.6660, with a volume of 877535 shares changing hands. The stock had previously closed at $132.57.

AGCO has been the subject of a number of other research reports. Robert W. Baird set a $128.00 price target on AGCO in a report on Friday. Citigroup lifted their target price on AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Oppenheimer boosted their target price on AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday. Barclays increased their price target on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research note on Friday. Finally, BMO Capital Markets lifted their price objective on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $122.73.

Institutional Investors Weigh In On AGCO

Several institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its position 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 purchasing an additional 241 shares during the period. Pinnacle Bancorp Inc. bought a new stake in AGCO during the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 257 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of AGCO in the third quarter worth $33,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

The business has a 50-day simple moving average of $110.48 and a 200 day simple moving average of $109.37. The stock has a market cap of $9.97 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 11.69 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, analysts forecast that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s payout ratio is currently 11.90%.

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.