AGCO Corporation (NYSE:AGCO) Receives $122.73 Average Target Price from Brokerages

Shares of AGCO Corporation (NYSE:AGCO) have been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $122.7273.

A number of research analysts have issued reports on the company. Oppenheimer upped their price objective on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Truist Financial increased their price target on shares of AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, BMO Capital Markets lifted their target price on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th.

Insiders Place Their Bets

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the sale, the senior vice president owned 16,844 shares of the company’s stock, valued at approximately $2,308,301.76. This represents a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On AGCO

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of AGCO by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after purchasing an additional 73,880 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in AGCO by 3.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock worth $306,608,000 after purchasing an additional 98,988 shares during the period. Capital World Investors increased its stake in shares of AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after buying an additional 1,815,741 shares during the period. Invesco Ltd. raised its stake in shares of AGCO by 15.1% during the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after acquiring an additional 314,355 shares during the last quarter. Finally, Davis Selected Advisers raised its position in AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after purchasing an additional 235,913 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Down 2.9%

AGCO stock opened at $123.83 on Friday. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $143.78. The firm’s 50-day simple moving average is $121.68 and its 200 day simple moving average is $112.52. The stock has a market cap of $8.97 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.AGCO’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts predict that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s payout ratio is presently 11.90%.

AGCO Company Profile

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.