AGCO (NYSE:AGCO) Given New $154.00 Price Target at Oppenheimer

AGCO (NYSE:AGCO) had its target price hoisted by Oppenheimer from $153.00 to $154.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

AGCO has been the topic of a number of other research reports. StockNews.com downgraded shares of AGCO from a buy rating to a hold rating in a research report on Friday, February 9th. Stifel Nicolaus dropped their target price on shares of AGCO from $160.00 to $153.00 and set a buy rating on the stock in a research report on Tuesday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $145.00 to $150.00 and gave the company an overweight rating in a research report on Friday, April 12th. Finally, Truist Financial initiated coverage on shares of AGCO in a research report on Thursday, March 14th. They set a buy rating and a $142.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $150.50.

AGCO Trading Up 1.8 %

AGCO opened at $118.80 on Tuesday. AGCO has a fifty-two week low of $105.77 and a fifty-two week high of $140.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.66 and a beta of 1.31. The company’s 50 day moving average price is $115.49 and its two-hundred day moving average price is $117.13.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the company posted $4.47 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts predict that AGCO will post 13.07 earnings per share for the current year.

Institutional Investors Weigh In On AGCO

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP lifted its position in AGCO by 278.0% during the second quarter. Quarry LP now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 139 shares during the last quarter. Rakuten Securities Inc. bought a new stake in AGCO during the fourth quarter valued at approximately $26,000. FinTrust Capital Advisors LLC bought a new stake in AGCO during the third quarter valued at approximately $26,000. Legacy Financial Group LLC bought a new stake in AGCO during the third quarter valued at approximately $27,000. Finally, Point72 Asset Management L.P. bought a new stake in AGCO during the second quarter valued at approximately $36,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

About AGCO

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.