AGCO Co. (NYSE:AGCO) Given Average Rating of "Hold" by Analysts

Shares of AGCO Co. (NYSE:AGCO - Get Free Report) have been assigned an average rating of "Hold" from the twelve analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $102.70.

Several research firms recently issued reports on AGCO. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. UBS Group set a $106.00 target price on shares of AGCO in a research note on Tuesday, April 22nd. Citigroup upped their price target on shares of AGCO from $90.00 to $110.00 and gave the company a "buy" rating in a report on Monday, May 5th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. GeoWealth Management LLC bought a new stake in shares of AGCO during the 4th quarter valued at $27,000. Citizens National Bank Trust Department grew its position in shares of AGCO by 400.0% in the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after buying an additional 240 shares during the period. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of AGCO in the 1st quarter worth about $32,000. Institutional investors own 78.80% of the company's stock.

AGCO Trading Up 0.8%

Shares of AGCO traded up $0.80 during mid-day trading on Friday, reaching $106.24. The company's stock had a trading volume of 1,012,467 shares, compared to its average volume of 896,117. AGCO has a 52 week low of $73.79 and a 52 week high of $119.71. The stock has a market cap of $7.92 billion, a PE ratio of -18.67, a P/E/G ratio of 1.80 and a beta of 1.20. The company's fifty day moving average price is $90.04 and its two-hundred day moving average price is $94.69. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter last year, the company earned $2.32 EPS. The firm's revenue was down 30.0% compared to the same quarter last year. On average, analysts predict that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.09%. AGCO's dividend payout ratio (DPR) is presently -14.87%.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.