AGCO - AGCO Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AGCO in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AGCO shares.
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8 analysts have issued 1-year price objectives for AGCO's stock. Their AGCO share price forecasts range from $129.00 to $174.00. On average, they expect the company's stock price to reach $154.40 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
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AGCO's stock was trading at $138.69 at the start of the year. Since then, AGCO stock has decreased by 6.0% and is now trading at $130.31.
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AGCO saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 1,090,000 shares, a decline of 13.5% from the February 28th total of 1,260,000 shares. Based on an average daily volume of 686,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our AGCO earnings forecast.

AGCO Co. (NYSE:AGCO) posted its quarterly earnings results on Tuesday, February, 7th. The industrial products company reported $4.47 earnings per share for the quarter, beating analysts' consensus estimates of $3.88 by $0.59. The industrial products company earned $3.90 billion during the quarter, compared to analyst estimates of $3.76 billion. AGCO had a net margin of 7.03% and a trailing twelve-month return on equity of 25.75%.

AGCO declared a quarterly dividend on Friday, January 20th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.24 per share on Wednesday, March 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, February 14th.
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), JPMorgan Climate Change Solutions ETF (TEMP), AXS Astoria Inflation Sensitive ETF (PPI), 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 $0.96 per share and currently has a dividend yield of 0.77%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AGCO will have a dividend payout ratio of 6.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGCO.

AGCO updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $13.50-$13.50 for the period, compared to the consensus earnings per share estimate of $13.55. The company issued revenue guidance of $14.00 billion-$14.00 billion, compared to the consensus revenue estimate of $13.76 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 variety of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (4.36%), Victory Capital Management Inc. (4.37%), LSV Asset Management (4.29%), Nordea Investment Management AB (2.69%), Dimensional Fund Advisors LP (2.68%) and Morgan Stanley (1.41%). 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 $130.31.

AGCO (NYSE:AGCO) has a market capitalization of $9.75 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 $11.87 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.