AGCO (NYSE:AGCO) Price Target Cut to $104.00

AGCO (NYSE:AGCO) had its price target lowered by equities research analysts at UBS Group from $107.00 to $104.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 9.90% from the company’s current price.

AGCO has been the topic of a number of other research reports. Barclays cut their price target on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on shares of AGCO from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. Robert W. Baird decreased their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup initiated coverage on AGCO in a research report on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.70.

AGCO Trading Down 1.7 %

Shares of NYSE AGCO traded down $1.60 during trading on Wednesday, hitting $94.63. 284,731 shares of the company were exchanged, compared to its average volume of 752,267. AGCO has a 12-month low of $92.75 and a 12-month high of $136.42. The firm has a market capitalization of $7.06 billion, a PE ratio of 6.41, a P/E/G ratio of 0.70 and a beta of 1.27. The company has a fifty day moving average price of $101.18 and a 200-day moving average price of $111.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.99.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 7.90% and a return on equity of 24.02%. AGCO’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.29 EPS. As a group, equities research analysts expect that AGCO will post 10.95 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGCO. Rakuten Securities Inc. acquired a new stake in AGCO in the 4th quarter valued at about $26,000. FinTrust Capital Advisors LLC grew its holdings in AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after buying an additional 117 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of AGCO by 93.2% in the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. LRI Investments LLC acquired a new position in AGCO in the 1st quarter valued at about $30,000. Finally, Blue Trust Inc. lifted its holdings in AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 174 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Company Profile

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.