AGCO Corporation (NYSE:AGCO)‘s stock had its “neutral” rating reiterated by analysts at UBS AG in a research note issued to investors on Friday, www.benzinga.com reports.

Several other equities research analysts also recently issued reports on AGCO. William Blair upgraded AGCO Corporation from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 11th. BidaskClub upgraded AGCO Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. TheStreet upgraded AGCO Corporation from a “c+” rating to a “b+” rating in a report on Thursday, July 27th. BMO Capital Markets increased their price target on AGCO Corporation from $70.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $66.00 price target on AGCO Corporation and gave the stock a “hold” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. AGCO Corporation has a consensus rating of “Hold” and an average price target of $68.29.

Shares of AGCO Corporation (NYSE AGCO) opened at 70.82 on Friday. AGCO Corporation has a 12 month low of $48.93 and a 12 month high of $75.58. The firm’s 50-day moving average price is $71.98 and its 200-day moving average price is $67.75. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 30.97 and a beta of 0.86.

AGCO Corporation (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts anticipate that AGCO Corporation will post $3.06 earnings per share for the current year.

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In other news, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 38,877 shares of the company’s stock, valued at $2,838,021. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the sale, the senior vice president now directly owns 89,322 shares of the company’s stock, valued at $6,411,533.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,750 shares of company stock valued at $1,921,390. Insiders own 16.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. BlueMountain Capital Management LLC acquired a new stake in shares of AGCO Corporation in the second quarter valued at approximately $165,000. PNC Financial Services Group Inc. lifted its position in shares of AGCO Corporation by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock valued at $203,000 after buying an additional 106 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of AGCO Corporation by 59.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company’s stock valued at $211,000 after buying an additional 1,300 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of AGCO Corporation in the second quarter valued at approximately $212,000. Finally, Numeric Investors LLC acquired a new stake in shares of AGCO Corporation in the second quarter valued at approximately $229,000. 80.72% of the stock is owned by institutional investors.

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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