AGCO Co. (NYSE:AGCO) has earned an average rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $69.00.

Several research analysts have issued reports on the company. Deutsche Bank reiterated a “buy” rating on shares of AGCO in a research report on Monday. Zacks Investment Research cut AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price objective on shares of AGCO in a research report on Friday, July 20th. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, OTR Global cut AGCO to a “$60.18” rating in a research report on Wednesday, July 18th.

NYSE:AGCO traded up $0.66 during trading hours on Wednesday, hitting $61.16. The company’s stock had a trading volume of 738,300 shares, compared to its average volume of 726,068. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a 52-week low of $56.36 and a 52-week high of $75.95.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.45 billion. AGCO had a return on equity of 9.31% and a net margin of 2.44%. AGCO’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share. analysts predict that AGCO will post 3.78 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Wednesday, August 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, August 14th. AGCO’s dividend payout ratio is currently 19.87%.

Several hedge funds have recently made changes to their positions in AGCO. Whittier Trust Co. purchased a new position in shares of AGCO in the second quarter valued at $124,000. CHICAGO TRUST Co NA purchased a new position in shares of AGCO in the first quarter valued at $207,000. Convergence Investment Partners LLC increased its position in shares of AGCO by 1,586.6% in the second quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock valued at $207,000 after buying an additional 3,205 shares in the last quarter. Ostrum Asset Management purchased a new position in shares of AGCO in the first quarter valued at $227,000. Finally, FDx Advisors Inc. boosted its stake in shares of AGCO by 21.7% during the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 978 shares during the last quarter. Institutional investors and hedge funds own 84.75% of the company’s stock.

About AGCO

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.

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Analyst Recommendations for AGCO (NYSE:AGCO)

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