AGCO Corporation (NYSE:AGCO) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday.

AGCO has been the subject of a number of other reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target on shares of AGCO Corporation in a research report on Thursday, August 31st. William Blair raised AGCO Corporation from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 11th. Bank of America Corporation raised AGCO Corporation from an “underperform” rating to a “neutral” rating in a research report on Monday, June 19th. BMO Capital Markets increased their price target on AGCO Corporation from $55.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 30th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $66.00 price target on shares of AGCO Corporation in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $68.14.

AGCO Corporation (NYSE:AGCO) traded down 1.02% on Monday, hitting $72.62. The company had a trading volume of 519,376 shares. AGCO Corporation has a one year low of $46.75 and a one year high of $74.40. The stock has a market capitalization of $5.78 billion, a PE ratio of 31.75 and a beta of 0.88. The stock has a 50 day moving average of $69.21 and a 200-day moving average of $65.61.

AGCO Corporation (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.11. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. AGCO Corporation’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. Equities analysts anticipate that AGCO Corporation will post $3.07 EPS for the current year.

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In other news, SVP Robert B. Crain sold 15,000 shares of AGCO Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the transaction, the senior vice president now directly owns 89,322 shares in the company, valued at $6,411,533.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Hans Bernd Veltmaat sold 750 shares of AGCO Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total value of $49,890.00. Following the completion of the transaction, the senior vice president now owns 68,552 shares of the company’s stock, valued at $4,560,079.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,750 shares of company stock valued at $1,921,390. 16.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AGCO. Wells Fargo & Company MN grew its position in shares of AGCO Corporation by 1.6% in the first quarter. Wells Fargo & Company MN now owns 33,326 shares of the industrial products company’s stock valued at $2,006,000 after purchasing an additional 527 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of AGCO Corporation by 22.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 400 shares in the last quarter. Comerica Bank grew its position in shares of AGCO Corporation by 1.4% in the first quarter. Comerica Bank now owns 56,690 shares of the industrial products company’s stock valued at $3,635,000 after purchasing an additional 772 shares in the last quarter. Swiss National Bank grew its position in shares of AGCO Corporation by 24.6% in the first quarter. Swiss National Bank now owns 227,456 shares of the industrial products company’s stock valued at $13,688,000 after purchasing an additional 44,900 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of AGCO Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 5,189 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 80.67% of the company’s stock.

About AGCO Corporation

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

Analyst Recommendations for AGCO Corporation (NYSE:AGCO)

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