AGCO (AGCO) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AGCO in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AGCO shares.
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10 Wall Street research analysts have issued 1-year price targets for AGCO's stock. Their AGCO share price forecasts range from $135.00 to $189.00. On average, they predict the company's stock price to reach $154.64 in the next twelve months. This suggests a possible upside of 34.0% from the stock's current price.
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AGCO's stock was trading at $138.69 at the beginning of 2023. Since then, AGCO shares have decreased by 16.8% and is now trading at $115.40.
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AGCO saw a increase in short interest in August. As of August 15th, there was short interest totaling 1,180,000 shares, an increase of 11.3% from the July 31st total of 1,060,000 shares. Based on an average trading volume of 584,100 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our AGCO earnings forecast.

AGCO Co. (NYSE:AGCO) released its quarterly earnings data on Thursday, July, 27th. The industrial products company reported $4.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.72 by $0.57. The industrial products company earned $3.80 billion during the quarter, compared to the consensus estimate of $3.69 billion. AGCO had a trailing twelve-month return on equity of 29.56% and a net margin of 7.84%. The firm's revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 EPS.

AGCO announced a quarterly dividend on Wednesday, July 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.29 per share on Friday, September 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for AGCO.

ETFs with the largest weight of AGCO (NYSE:AGCO) stock in their portfolio include Subversive Food Security ETF (KCAL), iShares Emergent Food and AgTech Multisector ETF (IVEG), JPMorgan Climate Change Solutions ETF (TEMP), VanEck Agribusiness ETF (MOO), Alpha Architect U.S. Quantitative Value ETF (QVAL), AXS Astoria Inflation Sensitive ETF (PPI), First Trust Indxx Global Agriculture ETF (FTAG) and BlackRock Future Climate and Sustainable Economy ETF (BECO).

AGCO (NYSE:AGCO) pays an annual dividend of $1.16 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AGCO will have a dividend payout ratio of 7.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGCO.

AGCO issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $15.25-$15.25 for the period, compared to the consensus EPS estimate of $14.58. The company issued revenue guidance of $14.70 billion-$14.70 billion, compared to the consensus revenue estimate of $14.46 billion.

171 employees have rated AGCO Chief Executive Officer Martin H. Richenhagen on Glassdoor.com. Martin H. Richenhagen has an approval rating of 88% among the company's employees. 79.0% of employees surveyed would recommend working at AGCO to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AGCO investors own include Bank of America (BAC), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Micron Technology (MU), Walt Disney (DIS), Citigroup (C), General Electric (GE), Applied Materials (AMAT) and Advanced Micro Devices (AMD).

AGCO trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGCO."

AGCO's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (420.88%), BlackRock Inc. (8.80%), LSV Asset Management (4.43%), Victory Capital Management Inc. (3.26%), Dimensional Fund Advisors LP (2.78%) and State Street Corp (2.34%). Insiders that own company stock include Andrew H Beck, Andrew H Beck, Gary L Collar, George E Minnich, Hans Bernd Veltmaat, Howard W Robin, Kelvin Eugene Bennett, Lara Thrush Long, Luis Fernando Sartini Felli, Martin Richenhagen, P George Benson, Robert B Crain, Torsten Rudolf Willi Dehner and Wolfgang Deml.
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Shares of AGCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AGCO stock can currently be purchased for approximately $115.40.

AGCO (NYSE:AGCO) has a market capitalization of $8.64 billion and generates $12.65 billion in revenue each year. The industrial products company earns $889.60 million in net income (profit) each year or $14.83 on an earnings per share basis.

The company employs 25,600 workers across the globe.

AGCO's mailing address is 4205 RIVER GREEN PARKWAY, DULUTH GA, 30096. The official website for the company is www.agcocorp.com. The industrial products company can be reached via phone at (770) 813-9200, via email at greg.peterson@agcocorp.com, or via fax at 302-655-5049.