Truist Financial Increases AGCO (NYSE:AGCO) Price Target to $159.00

AGCO (NYSE:AGCO) had its target price hoisted by research analysts at Truist Financial from $152.00 to $159.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target would indicate a potential upside of 36.05% from the stock’s current price.

AGCO has been the topic of a number of other research reports. Oppenheimer set a $134.00 target price on AGCO in a report on Wednesday, May 6th. Morgan Stanley restated an “underweight” rating and set a $108.00 price target on shares of AGCO in a research note on Thursday, May 14th. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, UBS Group reiterated a “neutral” rating and set a $123.00 target price on shares of AGCO in a report on Sunday, May 10th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus target price of $127.20.

AGCO Stock Performance

NYSE:AGCO opened at $116.87 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.46 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.80 and a beta of 1.07. AGCO has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The firm’s 50 day moving average is $115.51 and its two-hundred day moving average is $117.34.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.50. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Analysts expect that AGCO will post 5.99 EPS for the current year.

Insider Transactions at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the sale, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AGCO by 46.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after buying an additional 1,567 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of AGCO by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after buying an additional 61,009 shares during the period. Empowered Funds LLC raised its holdings in shares of AGCO by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after buying an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About AGCO

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.