Share on StockTwits

AGCO Corp. (NASDAQ:AGCO) declared a quarterly dividend on Friday, January 24th, Analyst Ratings reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.11 per share on Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%.

AGCO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of AGCO Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $51.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. downgraded shares of AGCO Corp. from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, January 16th. Finally, analysts at Goldman Sachs Group Inc. cut their EPS estimates on shares of AGCO Corp. in a research note on Wednesday. They now have a “conviction-buy” rating and a $57.00 price target on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $64.10.

Shares of AGCO Corp. (NASDAQ:AGCO) traded down 4.40% during mid-day trading on Friday, hitting $52.96. 1,676,065 shares of the company’s stock traded hands. AGCO Corp. has a 1-year low of $47.29 and a 1-year high of $64.60. The stock has a 50-day moving average of $57.75 and a 200-day moving average of $58.15. The company has a market cap of $5.156 billion and a price-to-earnings ratio of 9.78.

AGCO Corp. (NASDAQ:AGCO) last announced its earnings results on Tuesday, October 29th. The company reported $1.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.27. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $0.96 earnings per share. AGCO Corp.’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that AGCO Corp. will post $5.95 EPS for the current fiscal year.

AGCO Corporation (NASDAQ:AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.