AGCO (NYSE:AGCO) Given New $107.00 Price Target at The Goldman Sachs Group

AGCO (NYSE:AGCO - Free Report) had its price objective increased by The Goldman Sachs Group from $91.00 to $107.00 in a report released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the industrial products company's stock.

A number of other research analysts also recently weighed in on AGCO. JPMorgan Chase & Co. raised their price objective on AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Oppenheimer dropped their price target on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Citigroup lifted their price target on AGCO from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. UBS Group set a $106.00 price target on AGCO in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price target on AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $104.10.

AGCO Stock Performance

Shares of AGCO stock traded down $3.77 during trading on Tuesday, reaching $97.75. The company had a trading volume of 1,047,066 shares, compared to its average volume of 893,787. The firm's 50 day simple moving average is $92.09 and its two-hundred day simple moving average is $95.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO has a one year low of $73.79 and a one year high of $108.76. The company has a market capitalization of $7.29 billion, a PE ratio of -17.18, a PEG ratio of 1.80 and a beta of 1.20.

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

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's dividend payout ratio is presently -14.87%.

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the sale, the senior vice president now owns 17,380 shares of the company's stock, valued at $1,845,408.40. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Institutional Trading of AGCO

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares in the last quarter. GeoWealth Management LLC acquired a new stake in AGCO in the 4th quarter valued at $27,000. Citizens National Bank Trust Department boosted its stake in AGCO by 400.0% in the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock valued at $28,000 after buying an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in AGCO in the 1st quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in AGCO in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 78.80% of the company's stock.

About AGCO

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.