AGCO Given Consensus Rating of “Hold” by Brokerages (NASDAQ:AGCO)
AGCO (NASDAQ:AGCO) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.85.
AGCO has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of AGCO in a research note on Friday, August 1st. They now have a $44.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of AGCO from $50.00 to $46.00 in a research note on Thursday, July 31st. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of AGCO in a research note on Wednesday, July 30th. They now have a $50.00 price target on the stock, down previously from $54.00.
AGCO (NASDAQ:AGCO) traded up 0.58% on Thursday, hitting $48.46. 101,724 shares of the company’s stock traded hands. AGCO has a 52-week low of $47.76 and a 52-week high of $64.60. The stock’s 50-day moving average is $53.34 and its 200-day moving average is $53.79. The company has a market cap of $4.550 billion and a price-to-earnings ratio of 8.83.
AGCO (NASDAQ:AGCO) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.70 by $0.07. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $2.15 earnings per share. AGCO’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that AGCO will post $4.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 13th.
AGCO Corporation (NASDAQ:AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally.
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