AGCO (AGCO) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AGCO in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AGCO shares.
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9 Wall Street analysts have issued twelve-month price targets for AGCO's stock. Their AGCO share price forecasts range from $135.00 to $189.00. On average, they expect the company's share price to reach $154.33 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
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AGCO's stock was trading at $138.69 at the beginning of the year. Since then, AGCO shares have decreased by 11.2% and is now trading at $123.10.
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AGCO saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,420,000 shares, an increase of 16.4% from the April 30th total of 1,220,000 shares. Based on an average trading volume of 650,400 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our AGCO earnings forecast.

AGCO Co. (NYSE:AGCO) issued its quarterly earnings data on Tuesday, May, 2nd. The industrial products company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.87. The industrial products company earned $3.30 billion during the quarter, compared to the consensus estimate of $3.15 billion. AGCO had a trailing twelve-month return on equity of 27.21% and a net margin of 7.30%. The business's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 EPS.

AGCO announced a dividend on Saturday, May 13th. Investors of record on Friday, May 19th will be given a dividend of $5.00 per share on Tuesday, June 20th. This represents a yield of 4.87%. The ex-dividend date is Thursday, May 18th. This is an increase from the stock's previous dividend of $4.50.
Read our dividend analysis for AGCO.

ETFs with the largest weight of AGCO (NYSE:AGCO) stock in their portfolio include iShares Emergent Food and AgTech Multisector ETF (IVEG), AXS Astoria Inflation Sensitive ETF (PPI), JPMorgan Climate Change Solutions ETF (TEMP), VanEck Agribusiness ETF (MOO), First Trust Indxx Global Agriculture ETF (FTAG), BlackRock Future Climate and Sustainable Economy ETF (BECO), iShares MSCI Agriculture Producers ETF (VEGI) and FIS Biblically Responsible Risk Managed ETF (PRAY).

AGCO (NYSE:AGCO) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.99%. 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 8.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AGCO will have a dividend payout ratio of 7.94% 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 Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $14.40-$14.40 for the period, compared to the consensus earnings per share estimate of $13.60. The company issued revenue guidance of $14.50 billion-$14.50 billion, compared to the consensus revenue estimate of $14.06 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 investors include BlackRock Inc. (9.16%), Mizuho Markets Americas LLC (4.80%), Mizuho Markets Americas LLC (4.80%), LSV Asset Management (4.25%), Victory Capital Management Inc. (3.25%) and Dimensional Fund Advisors LP (2.72%). 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, Lucinda B Smith, 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 $123.10.

AGCO (NYSE:AGCO) has a market capitalization of $9.22 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 $12.94 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.