AGCO Corporation (NYSE:AGCO) Given Consensus Rating of "Hold" by Brokerages

Shares of AGCO Corporation (NYSE:AGCO - Get Free Report) have been given an average rating of "Hold" by the eleven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $104.10.

Several research firms have recently weighed in on AGCO. Oppenheimer dropped their target price on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their target price on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley lifted their target price on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th.

AGCO Stock Down 0.1%

AGCO stock opened at $102.47 on Friday. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of -13.14, a PEG ratio of 1.86 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $98.42 and its two-hundred day moving average price is $95.95. AGCO has a 52 week low of $73.79 and a 52 week high of $108.76.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.03 by $0.38. AGCO had a negative net margin of 5.40% and a positive return on equity of 10.60%. The firm 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. AGCO's quarterly revenue was down 30.0% on a year-over-year basis. On average, analysts expect that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, May 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, May 15th. AGCO's dividend payout ratio (DPR) is presently -14.87%.

Insider Buying and Selling at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the sale, the senior vice president now directly owns 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On AGCO

Several large investors have recently bought and sold shares of the stock. Voya Investment Management LLC raised its stake in AGCO by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company's stock valued at $829,000 after purchasing an additional 364 shares during the last quarter. Inspire Investing LLC raised its stake in AGCO by 64.0% during the 1st quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company's stock valued at $653,000 after purchasing an additional 2,752 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 190 shares during the last quarter. Bayforest Capital Ltd acquired a new position in AGCO during the 1st quarter valued at $1,638,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AGCO by 14.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company's stock valued at $306,112,000 after purchasing an additional 405,022 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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