AGCO (AGCO) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AGCO in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AGCO shares.
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5 brokers have issued 1-year price objectives for AGCO's stock. Their AGCO share price targets range from $131.00 to $189.00. On average, they predict the company's stock price to reach $150.38 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
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AGCO's stock was trading at $121.41 at the beginning of the year. Since then, AGCO shares have decreased by 2.8% and is now trading at $118.04.
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AGCO saw a drop in short interest in March. As of March 15th, there was short interest totaling 2,330,000 shares, a drop of 9.0% from the February 29th total of 2,560,000 shares. Based on an average daily volume of 688,600 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our AGCO earnings forecast.

AGCO will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

AGCO Co. (NYSE:AGCO) released its earnings results on Tuesday, February, 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing the consensus estimate of $4.03 by $0.25. The industrial products company earned $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a trailing twelve-month return on equity of 26.96%. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.47 EPS.

AGCO announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.29 per share on Friday, March 15th. This represents a $1.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for AGCO.

AGCO (NYSE:AGCO) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AGCO will have a dividend payout ratio of 9.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGCO.

ETFs with the largest weight of AGCO (NYSE:AGCO) stock in their portfolio include Subversive Food Security ETF (KCAL), Global X AgTech & Food Innovation ETF (KROP), iShares Emergent Food and AgTech Multisector ETF (IVEG), Alpha Architect U.S. Quantitative Value ETF (QVAL), VanEck Agribusiness ETF (MOO), First Trust Indxx Global Agriculture ETF (FTAG), BlackRock Future Climate and Sustainable Economy ETF (BECO) and iShares MSCI Agriculture Producers ETF (VEGI).

AGCO updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $13.15 for the period, compared to the consensus estimate of $12.84. The company issued revenue guidance of $13.6 billion, compared to the consensus revenue estimate of $13.40 billion.

171 employees have rated AGCO Chief Executive Officer Martin H. Richenhagen on Glassdoor.com. Martin H. Richenhagen has an approval rating of 88% among the company's employees. 79.0% of employees surveyed would recommend working at AGCO to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AGCO investors own include Bank of America (BAC), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Micron Technology (MU), Walt Disney (DIS), Citigroup (C), General Electric (GE), Applied Materials (AMAT) and Advanced Micro Devices (AMD).

AGCO's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Alaska Permanent Fund Corp (0.03%), Global Assets Advisory LLC (0.02%), Polianta Ltd (0.01%), Radnor Capital Management LLC (0.01%), CWM LLC (0.01%) and Capital Advisors Wealth Management LLC (0.01%). Insiders that own company stock include Andrew H Beck, Andrew H Beck, Gary L Collar, George E Minnich, Hans Bernd Veltmaat, Howard W Robin, Kelvin Eugene Bennett, Lara Thrush Long, Luis Fernando Sartini Felli, Robert B Crain and Torsten Rudolf Willi Dehner.
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Shares of AGCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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