AGCO (NYSE:AGCO) Upgraded at StockNews.com

StockNews.com upgraded shares of AGCO (NYSE:AGCO - Free Report) from a sell rating to a hold rating in a research note published on Tuesday morning.

Other research analysts also recently issued research reports about the company. UBS Group reduced their price objective on AGCO from $100.00 to $88.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley cut shares of AGCO from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $94.00 to $75.00 in a research note on Wednesday, April 16th. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Truist Financial dropped their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AGCO currently has an average rating of "Hold" and an average target price of $99.80.

AGCO Stock Down 2.3 %

Shares of AGCO stock traded down $1.99 on Tuesday, hitting $83.75. The stock had a trading volume of 976,758 shares, compared to its average volume of 895,957. AGCO has a 12-month low of $73.79 and a 12-month high of $119.88. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -14.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The business has a 50 day moving average of $90.62 and a 200 day moving average of $95.18. 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 (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, analysts expect that AGCO will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.39%. AGCO's dividend payout ratio is currently -20.39%.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after acquiring an additional 220 shares during the period. GeoWealth Management LLC purchased a new position in shares of AGCO during the 4th quarter valued at $27,000. Citizens National Bank Trust Department increased its holdings in shares of AGCO by 400.0% in the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after purchasing an additional 240 shares during the period. UMB Bank n.a. increased its holdings in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after purchasing an additional 154 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in AGCO during the fourth quarter valued at $33,000. 78.80% of the stock is currently owned by institutional investors.

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.