AGCO (NYSE:AGCO) Receives "Hold (C-)" Rating from Weiss Ratings

Key Points

• AGCO's stock has been assigned a "hold (C-)" rating by Weiss Ratings, reflecting a cautious outlook from analysts.
• Despite the hold rating, other analysts have varying opinions, with three rating it as a Buy and the consensus price target set at $116.25.
• The company recently reported a positive quarterly EPS of $1.35, exceeding expectations, but overall revenue was down 18.8% year-over-year.

AGCO (NYSE:AGCO - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

AGCO has been the topic of several other reports. Wall Street Zen raised shares of AGCO from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Oppenheimer lowered their price objective on shares of AGCO from $124.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of AGCO from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, September 2nd. UBS Group reaffirmed a "neutral" rating and issued a $119.00 target price (up previously from $100.00) on shares of AGCO in a report on Friday, August 8th. Finally, Truist Financial lowered their target price on shares of AGCO from $143.00 to $142.00 and set a "buy" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AGCO presently has a consensus rating of "Hold" and a consensus price target of $116.25.

AGCO Stock Performance

AGCO stock traded up $0.77 during midday trading on Wednesday, hitting $111.15. 214,176 shares of the company's stock were exchanged, compared to its average volume of 853,905. AGCO has a 12-month low of $73.79 and a 12-month high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 82.77, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The firm's 50 day simple moving average is $110.57 and its 200 day simple moving average is $102.45.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm posted $2.53 EPS. AGCO's revenue for the quarter was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Equities research analysts predict that AGCO will post 4.2 EPS for the current year.

AGCO declared that its Board of Directors has authorized a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other AGCO news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the transaction, the senior vice president directly owned 16,189 shares in the company, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.90% of the company's stock.

Institutional Trading of AGCO

Several institutional investors and hedge funds have recently modified their holdings of AGCO. Baader Bank Aktiengesellschaft raised its position in shares of AGCO by 3.1% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company's stock worth $390,000 after buying an additional 113 shares in the last quarter. Quantum Portfolio Management LLC raised its position in shares of AGCO by 5.5% during the 2nd quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company's stock worth $257,000 after buying an additional 129 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of AGCO by 1.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,241 shares of the industrial products company's stock worth $763,000 after buying an additional 138 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AGCO by 8.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,818 shares of the industrial products company's stock worth $195,000 after purchasing an additional 146 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company's stock worth $61,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors 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.

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