Several brokerages have updated their recommendations and price targets on shares of AGCO Corporation (NYSE: AGCO) in the last few weeks:

  • 11/1/2017 – AGCO Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $73.00 price target on the stock.
  • 11/1/2017 – AGCO Corporation was given a new $68.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 10/23/2017 – AGCO Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/21/2017 – AGCO Corporation was given a new $72.00 price target on by analysts at UBS AG. They now have a “hold” rating on the stock.
  • 10/20/2017 – AGCO Corporation had its “neutral” rating reaffirmed by analysts at UBS AG.
  • 10/19/2017 – AGCO Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $66.00 price target on the stock.
  • 10/13/2017 – AGCO Corporation was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $70.00 price target on the stock, down previously from $74.65.
  • 10/11/2017 – AGCO Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “AGCO’s sales guidance of around $8 billion for 2017, reflects improved sales volumes, positive pricing and acquisition impacts. The company's recent launch of IDEAL will boost its full line of agricultural solution. Further, the expansion of parts distribution center remains a tailwind. Moreover, AGCO will benefit from increased investments through capital expenditures, engineering spend, acquisitions and cost-reduction efforts. The company has a positive record of earnings surprises in recent quarters. However, AGCO's performance is expected to be hurt by weakness in agricultural equipment sector and dismal industry demand. Elevated expenses are also likely to hurt the company's earnings. AGCO’s estimates have been undergoing negative revisions lately. The stock has also underperformed the industry over the past year.”
  • 10/10/2017 – AGCO Corporation was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating. They now have a $65.00 price target on the stock.
  • 10/9/2017 – AGCO Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $86.00 price target on the stock, down previously from $90.00.
  • 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.

AGCO Corporation (NYSE:AGCO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. AGCO Corporation had a return on equity of 7.50% and a net margin of 2.59%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 12.8% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 14th. AGCO Corporation’s payout ratio is 22.05%.

In related news, SVP Lucinda B. Smith sold 1,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 38,877 shares of the company’s stock, valued at approximately $2,838,021. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew H. Beck sold 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $72.18, for a total value of $721,800.00. Following the completion of the transaction, the chief financial officer now directly owns 142,079 shares in the company, valued at $10,255,262.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,750 shares of company stock worth $844,690. 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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