A number of research firms have changed their ratings and price targets for AGCO Corporation (NYSE: AGCO):

  • 9/28/2017 – AGCO Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/21/2017 – AGCO Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $90.00 price target on the stock, up previously from $88.00.
  • 9/18/2017 – AGCO Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/17/2017 – AGCO Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $66.00 price target on the stock.
  • 8/31/2017 – AGCO Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $75.00 price target on the stock.
  • 8/23/2017 – AGCO Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2017 – AGCO Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2017 – AGCO Corporation was given a new $66.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.

Shares of AGCO Corporation (NYSE:AGCO) traded down 0.16% during trading on Wednesday, reaching $75.22. 730,714 shares of the company traded hands. The company’s 50-day moving average price is $69.83 and its 200-day moving average price is $66.58. AGCO Corporation has a 52 week low of $48.78 and a 52 week high of $75.53. The company has a market capitalization of $5.98 billion, a P/E ratio of 32.89 and a beta of 0.86.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 15th were issued a $0.14 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. AGCO Corporation’s dividend payout ratio is currently 24.56%.

In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total value of $49,890.00. Following the completion of the sale, the senior vice president now owns 68,552 shares in the company, valued at $4,560,079.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Lucinda B. Smith sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the completion of the sale, the senior vice president now owns 38,877 shares of the company’s stock, valued at approximately $2,838,021. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,750 shares of company stock worth $1,921,390. 16.60% of the stock is owned by insiders.

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.

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