AGCO (NYSE:AGCO) Upgraded by Wall Street Zen to “Buy” Rating

AGCO (NYSE:AGCO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. BMO Capital Markets raised their price target on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Oppenheimer lifted their target price on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $128.00 target price on AGCO in a research report on Friday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $127.00 price target on shares of AGCO in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.73.

AGCO Trading Down 2.9%

Shares of NYSE:AGCO opened at $123.83 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $8.97 billion, a PE ratio of 12.70, a P/E/G ratio of 0.91 and a beta of 1.13. AGCO has a 1 year low of $73.79 and a 1 year high of $143.78. The firm has a fifty day moving average price of $121.68 and a 200 day moving average price of $112.52.

AGCO (NYSE:AGCO) last posted its earnings results 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 return on equity of 9.39% and a net margin of 7.21%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Analysts expect that AGCO will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at AGCO

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares of the company’s stock, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Several large investors have recently modified their holdings of AGCO. Capital World Investors grew its position in shares of AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares during the period. JPMorgan Chase & Co. raised its holdings in AGCO by 78.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after buying an additional 861,377 shares during the period. Norges Bank acquired a new stake in AGCO during the 2nd quarter worth approximately $78,651,000. Massachusetts Financial Services Co. MA lifted its stake in AGCO by 32.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock valued at $304,092,000 after buying an additional 700,558 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of AGCO in the third quarter valued at approximately $69,996,000. 78.80% of the stock is currently owned by institutional investors.

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.