AGCO Corporation (NYSE:AGCO) Receives $110.60 Consensus PT from Brokerages

AGCO Corporation (NYSE:AGCO) has received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $110.60.

Several equities research analysts recently issued reports on AGCO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a report on Monday. JPMorgan Chase & Co. dropped their target price on AGCO from $127.00 to $123.00 and set an “overweight” rating for the company in a research report on Friday, December 19th. Wells Fargo & Company assumed coverage on shares of AGCO in a research note on Thursday, November 13th. They set an “equal weight” rating and a $114.00 price target on the stock. Barclays lowered shares of AGCO from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $116.00 to $93.00 in a research note on Friday. Finally, Zacks Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $104.28, for a total value of $26,070.00. Following the sale, the senior vice president directly owned 17,130 shares in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On AGCO

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in AGCO by 78.7% during the second quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after acquiring an additional 861,377 shares during the last quarter. Norges Bank purchased a new position in shares of AGCO during the 2nd quarter worth $78,651,000. Massachusetts Financial Services Co. MA lifted its stake in shares of AGCO by 32.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock worth $304,092,000 after purchasing an additional 700,558 shares during the period. Ninety One UK Ltd acquired a new stake in shares of AGCO during the third quarter worth $69,996,000. Finally, Capital World Investors grew its position in shares of AGCO by 1,206.8% in the third quarter. Capital World Investors now owns 587,608 shares of the industrial products company’s stock valued at $62,915,000 after purchasing an additional 542,642 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 0.2%

Shares of AGCO opened at $105.52 on Friday. AGCO has a 52-week low of $73.79 and a 52-week high of $121.16. The stock has a market cap of $7.87 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The firm’s fifty day moving average is $106.30 and its two-hundred day moving average is $107.80. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 0.61.

AGCO (NYSE:AGCO) last issued its earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Research analysts forecast that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.16 annualized dividend and a yield of 1.1%. AGCO’s dividend payout ratio (DPR) is 23.06%.

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.