AGCO (NYSE:AGCO) Earns "Buy" Rating from DA Davidson

Key Points

• DA Davidson reiterated its “Buy” rating on AGCO and set a $151 price target, implying approximately 39% upside from the stock’s prior close.
• Analyst sentiment remains mixed: AGCO has five Buy, seven Hold and two Sell ratings, with a consensus target price of $123.92.
• AGCO’s latest quarter fell slightly short of expectations, with adjusted EPS of $1.43 versus $1.46 expected and revenue of $2.61 billion versus $2.75 billion forecast; shares recently traded near $108.39.

AGCO (NYSE:AGCO - Get Free Report)'s stock had its "buy" rating reiterated by DA Davidson in a research report issued on Thursday, Benzinga reports. They presently have a $151.00 price target on the industrial products company's stock. DA Davidson's price objective would indicate a potential upside of 39.31% from the company's previous close.

Several other analysts have also recently issued reports on the company. Morgan Stanley decreased their price objective on AGCO from $110.00 to $99.00 and set an "underweight" rating on the stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on AGCO from $143.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Wells Fargo & Company cut their target price on AGCO from $132.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein reissued a "market perform" rating and set a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of "Hold" and a consensus target price of $123.92.

AGCO Price Performance

Shares of AGCO traded down $0.76 during mid-day trading on Thursday, hitting $108.39. 916,294 shares of the stock were exchanged, compared to its average volume of 841,909. The company has a market cap of $7.59 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.08. AGCO has a 52-week low of $98.22 and a 52-week high of $143.78. The firm has a 50-day moving average of $113.56 and a two-hundred day moving average of $115.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm's revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities analysts predict that AGCO will post 5.55 earnings per share for the current year.

Insider Activity at AGCO

In related news, SVP Ivory Harris sold 1,600 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the sale, the senior vice president owned 14,454 shares of the company's stock, valued at $1,811,086.20. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kelvin Bennett sold 1,000 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $132.89, for a total value of $132,890.00. Following the sale, the senior vice president directly owned 14,047 shares in the company, valued at approximately $1,866,705.83. The trade was a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 497,622 shares of company stock valued at $57,461,807 over the last 90 days. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On AGCO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its stake in AGCO by 13.6% in the second quarter. QRG Capital Management Inc. now owns 2,820 shares of the industrial products company's stock valued at $338,000 after buying an additional 338 shares during the last quarter. MAC Alpha Capital Management LP raised its stake in shares of AGCO by 8.1% in the second quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company's stock worth $3,652,000 after purchasing an additional 2,280 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of AGCO by 7.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company's stock worth $369,000 after purchasing an additional 215 shares during the last quarter. Tidal Investments LLC raised its stake in shares of AGCO by 2.4% in the second quarter. Tidal Investments LLC now owns 28,035 shares of the industrial products company's stock worth $3,356,000 after purchasing an additional 653 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of AGCO in the second quarter worth about $684,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting AGCO

Here are the key news stories impacting AGCO this week:

• Positive Sentiment: JPMorgan raised its price target for AGCO from $123 to $140 and upgraded its stance to “overweight,” implying substantial upside from recent levels.
• Positive Sentiment: DA Davidson reaffirmed its “buy” rating and set a $151 price target, indicating significant potential appreciation if the company meets expectations.
• Positive Sentiment: Zacks Research upgraded AGCO from “strong sell” to “hold,” a modest improvement in sentiment that may reduce some selling pressure.
• Positive Sentiment: Zacks modestly increased its projected earnings per share for the fourth quarter of 2027 to $2.40 from $2.37 and for the third quarter of 2028 to $1.89 from $1.88. These revisions suggest slightly better longer-term earnings expectations.
• Positive Sentiment: AGCO’s strategy emphasizes precision agriculture and technology-driven growth, potentially supporting longer-term margins and competitive positioning. AGCO discusses transition to precision agriculture and technology-driven growth strategy
• Neutral Sentiment: AGCO will release third-quarter 2026 results and hold a conference call on October 29. The event is the next major catalyst and could provide updates on demand, margins, and full-year guidance. AGCO announces third-quarter 2026 earnings release and conference call
• Negative Sentiment: Investor caution likely reflects AGCO’s most recent reported quarter, when earnings and revenue fell short of analyst expectations and revenue declined year over year. The stock also remains below its 50-day and 200-day moving averages, signaling continued technical pressure.

About AGCO

AGCO Corporation NYSE: AGCO is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO's principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.