AGCO (NYSE:AGCO) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of AGCO (NYSE:AGCOFree Report) from a buy rating to a hold rating in a research note released on Friday.

Other research analysts also recently issued reports about the company. Citigroup reduced their price objective on AGCO from $152.00 to $150.00 and set a buy rating for the company in a research note on Friday, October 13th. JPMorgan Chase & Co. boosted their target price on AGCO from $142.00 to $145.00 and gave the company an overweight rating in a report on Monday, December 4th. Oppenheimer restated an outperform rating and issued a $153.00 price target on shares of AGCO in a research note on Wednesday, December 6th. Finally, Stifel Nicolaus decreased their target price on AGCO from $160.00 to $153.00 and set a buy rating on the stock in a research report on Tuesday, December 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $147.56.

View Our Latest Analysis on AGCO

AGCO Price Performance

AGCO opened at $116.69 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The stock has a market capitalization of $8.74 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.65 and a beta of 1.35. The company’s 50-day simple moving average is $119.71 and its two-hundred day simple moving average is $119.94. AGCO has a 52-week low of $109.81 and a 52-week high of $145.53.

AGCO (NYSE:AGCOGet Free Report) last released its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.03 by ($0.25). The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.47 earnings per share. As a group, analysts predict that AGCO will post 13.12 EPS for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 15th will be given a $0.29 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 0.99%. AGCO’s dividend payout ratio (DPR) is presently 7.42%.

Hedge Funds Weigh In On AGCO

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in AGCO by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 919,269 shares of the industrial products company’s stock worth $121,016,000 after buying an additional 43,773 shares during the period. Victory Capital Management Inc. raised its position in shares of AGCO by 24.7% in the third quarter. Victory Capital Management Inc. now owns 3,042,378 shares of the industrial products company’s stock valued at $359,852,000 after buying an additional 601,877 shares in the last quarter. Sandy Spring Bank grew its stake in shares of AGCO by 2.6% in the second quarter. Sandy Spring Bank now owns 10,560 shares of the industrial products company’s stock worth $1,388,000 after purchasing an additional 265 shares during the last quarter. Cipher Capital LP lifted its holdings in AGCO by 563.0% in the second quarter. Cipher Capital LP now owns 11,550 shares of the industrial products company’s stock valued at $1,518,000 after buying an additional 9,808 shares during the period. Finally, CSS LLC IL raised its holdings in shares of AGCO by 7.5% in the 2nd quarter. CSS LLC IL now owns 4,300 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 300 shares during the last quarter. 75.39% of the stock is currently owned by institutional investors.

About AGCO

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AGCO (NYSE:AGCO)

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