AGCO (NYSE:AGCO) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• AGCO has been upgraded by Zacks Research from a "hold" to a "strong-buy" rating, indicating increased investor confidence.
• Several investment firms have raised their price targets for AGCO, with JPMorgan Chase increasing it to $137.00, signaling potential growth in stock value.
• AGCO reported better-than-expected earnings in its last quarter, with $1.35 EPS surpassing analyst estimates of $1.06, although revenue still experienced an 18.8% decline year-over-year.

AGCO (NYSE:AGCO - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for AGCO's Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.82 EPS, Q1 2026 earnings at $0.94 EPS, Q3 2026 earnings at $1.53 EPS and Q1 2027 earnings at $1.53 EPS.

Several other research analysts also recently issued reports on AGCO. JPMorgan Chase & Co. upped their price target on shares of AGCO from $130.00 to $137.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group reiterated a "neutral" rating and set a $119.00 price target (up previously from $100.00) on shares of AGCO in a research report on Friday, August 8th. Citigroup reiterated a "neutral" rating and set a $110.00 price target on shares of AGCO in a research report on Friday, May 30th. The Goldman Sachs Group upped their price target 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 upped their target price on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AGCO currently has an average rating of "Hold" and an average price target of $109.63.

AGCO Trading Down 0.8%

Shares of AGCO stock opened at $112.73 on Monday. AGCO has a 1 year low of $73.79 and a 1 year high of $121.16. The firm's fifty day simple moving average is $108.24 and its 200 day simple moving average is $99.40. The firm has a market capitalization of $8.41 billion, a P/E ratio of 84.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.52 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. AGCO's revenue was down 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 earnings per share. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, sell-side 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 allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 16,189 shares of the company's stock, valued at $1,771,076.60. This trade represents a 38.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Large investors have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft grew its stake in shares of AGCO by 3.1% in the second quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company's stock valued at $390,000 after buying an additional 113 shares in the last quarter. Quantum Portfolio Management LLC lifted its holdings in AGCO by 5.5% during the 2nd quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company's stock valued at $257,000 after purchasing an additional 129 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in AGCO by 1.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,241 shares of the industrial products company's stock valued at $763,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 149 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in AGCO by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 3,635 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 154 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.