AGCO (NYSE:AGCO)'s stock had its "buy" rating reiterated by equities researchers at Jefferies Financial Group in a research report issued on Monday, TipRanks reports.
Several other research firms have also weighed in on AGCO. Deutsche Bank lowered shares of AGCO from a "buy" rating to a "hold" rating and set a $60.00 target price on the stock. in a report on Tuesday, June 30th. Goldman Sachs Group lowered their target price on shares of AGCO from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, March 19th. Zacks Investment Research raised shares of AGCO from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Wednesday, July 1st. Barclays reaffirmed a "sell" rating and issued a $54.00 target price on shares of AGCO in a report on Thursday, April 16th. Finally, Citigroup upped their target price on shares of AGCO from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. AGCO currently has an average rating of "Hold" and a consensus target price of $69.21.
Shares of AGCO stock opened at $56.49 on Monday. The firm has a market capitalization of $4.20 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 6.51 and a beta of 1.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.49 and a quick ratio of 0.63. The company's fifty day moving average price is $55.06 and its two-hundred day moving average price is $59.50. AGCO has a 52-week low of $35.33 and a 52-week high of $81.39.
AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.44. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. AGCO had a net margin of 1.39% and a return on equity of 11.59%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. Analysts predict that AGCO will post 2.28 earnings per share for the current fiscal year.
In other AGCO news, CAO Lara Thrush Long sold 2,200 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $56.55, for a total transaction of $124,410.00. Following the transaction, the chief accounting officer now directly owns 3,494 shares in the company, valued at approximately $197,585.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.80% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its position in AGCO by 65.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 92,006 shares of the industrial products company's stock valued at $4,347,000 after purchasing an additional 36,339 shares during the period. AGF Investments America Inc. raised its position in shares of AGCO by 1.4% in the 1st quarter. AGF Investments America Inc. now owns 49,054 shares of the industrial products company's stock valued at $2,318,000 after acquiring an additional 699 shares during the period. Deutsche Bank AG raised its position in shares of AGCO by 6.3% in the 1st quarter. Deutsche Bank AG now owns 235,952 shares of the industrial products company's stock valued at $11,149,000 after acquiring an additional 14,018 shares during the period. Tower Research Capital LLC TRC raised its position in shares of AGCO by 806.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,282 shares of the industrial products company's stock valued at $155,000 after acquiring an additional 2,920 shares during the period. Finally, Amalgamated Bank raised its position in shares of AGCO by 10.8% in the 4th quarter. Amalgamated Bank now owns 14,561 shares of the industrial products company's stock valued at $1,125,000 after acquiring an additional 1,418 shares during the period. Institutional investors own 78.74% of the company's stock.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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