AGCO (NYSE:AGCO) had its price target upped by BMO Capital Markets from $65.00 to $80.00 in a report released on Monday, The Fly reports. The brokerage currently has a market perform rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on AGCO. Stephens initiated coverage on AGCO in a research note on Wednesday, August 14th. They issued an overweight rating and a $80.00 price objective for the company. Deutsche Bank set a $88.00 target price on AGCO and gave the company a buy rating in a report on Wednesday, July 31st. Royal Bank of Canada set a $88.00 target price on AGCO and gave the company a buy rating in a report on Wednesday, July 31st. OTR Global upgraded AGCO to a positive rating in a report on Friday, July 12th. Finally, Jefferies Financial Group upgraded AGCO from a hold rating to a buy rating and upped their target price for the company from $70.00 to $90.00 in a report on Monday, June 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $78.73.

AGCO stock opened at $76.10 on Monday. The business has a 50 day moving average of $71.05 and a 200-day moving average of $71.42. AGCO has a 1 year low of $49.50 and a 1 year high of $80.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.54. The company has a market capitalization of $5.85 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.09 and a beta of 0.98.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. AGCO had a return on equity of 12.64% and a net margin of 4.07%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that AGCO will post 5.08 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, August 14th. AGCO’s payout ratio is presently 16.45%.

In other AGCO news, CFO Andrew H. Beck sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $70.52, for a total transaction of $705,200.00. Following the transaction, the chief financial officer now directly owns 148,218 shares in the company, valued at approximately $10,452,333.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Martin Richenhagen sold 45,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $77.14, for a total value of $3,471,300.00. Following the transaction, the chairman now owns 447,317 shares in the company, valued at $34,506,033.38. The disclosure for this sale can be found here. Insiders sold 76,977 shares of company stock worth $5,761,368 over the last quarter. 17.60% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of AGCO. Geode Capital Management LLC boosted its holdings in shares of AGCO by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,239,289 shares of the industrial products company’s stock worth $68,991,000 after buying an additional 45,469 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of AGCO during the 1st quarter worth approximately $362,000. CIBC Asset Management Inc bought a new position in shares of AGCO during the 1st quarter worth approximately $203,000. TD Asset Management Inc. bought a new position in shares of AGCO during the 1st quarter worth approximately $320,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of AGCO by 0.9% during the 1st quarter. New York State Common Retirement Fund now owns 170,365 shares of the industrial products company’s stock worth $11,849,000 after buying an additional 1,565 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

Further Reading: Fundamental Analysis

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Analyst Recommendations for AGCO (NYSE:AGCO)

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