AGCO (NYSE:AGCO) Price Target Increased to $154.00 by Analysts at Oppenheimer

AGCO (NYSE:AGCO - Free Report) had its target price boosted by Oppenheimer from $153.00 to $154.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company's stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of AGCO from a buy rating to a hold rating in a research note on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on AGCO from $145.00 to $150.00 and gave the stock an overweight rating in a report on Friday. Truist Financial assumed coverage on AGCO in a research note on Thursday, March 14th. They set a buy rating and a $142.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on AGCO from $160.00 to $153.00 and set a buy rating for the company in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $150.50.

AGCO Stock Performance

Shares of AGCO stock traded down $0.97 during trading on Tuesday, hitting $117.07. 458,645 shares of the stock were exchanged, compared to its average volume of 690,290. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $115.57 and a 200-day moving average price of $117.13. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. AGCO has a 1-year low of $105.77 and a 1-year high of $140.46.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts' consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the firm earned $4.47 EPS. AGCO's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that AGCO will post 13.03 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO's payout ratio is currently 7.42%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGCO. Raymond James Financial Services Advisors Inc. raised its position in AGCO by 21.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,962 shares of the industrial products company's stock worth $433,000 after purchasing an additional 522 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in AGCO in the first quarter valued at approximately $306,000. Acadian Asset Management LLC boosted its holdings in AGCO by 118.1% in the first quarter. Acadian Asset Management LLC now owns 1,758 shares of the industrial products company's stock valued at $256,000 after acquiring an additional 952 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in AGCO by 10.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 36,347 shares of the industrial products company's stock worth $5,469,000 after purchasing an additional 3,425 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of AGCO by 3.6% in the 1st quarter. Raymond James Trust N.A. now owns 3,743 shares of the industrial products company's stock worth $547,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

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.