AGCO (NYSE:AGCO) was upgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also weighed in on the company. Jefferies Group restated a “hold” rating and issued a $75.00 price target on shares of AGCO in a research note on Thursday, August 31st. BidaskClub upgraded AGCO from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and issued a $66.00 price target on shares of AGCO in a research note on Thursday, October 19th. J P Morgan Chase & Co lowered AGCO from a “neutral” rating to an “underweight” rating and set a $65.00 price target for the company. in a research note on Tuesday, October 10th. Finally, Zacks Investment Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AGCO has an average rating of “Hold” and a consensus target price of $69.07.

AGCO (NYSE:AGCO) traded down $0.12 during midday trading on Thursday, hitting $70.78. The company’s stock had a trading volume of 1,156,400 shares, compared to its average volume of 637,327. The stock has a market cap of $5,630.00, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.79 and a beta of 0.82. AGCO has a twelve month low of $55.45 and a twelve month high of $75.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 0.70.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. sell-side analysts expect that AGCO will post 3.02 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in AGCO by 3.4% in the third quarter. Public Employees Retirement System of Ohio now owns 29,828 shares of the industrial products company’s stock valued at $2,200,000 after acquiring an additional 980 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in AGCO by 95.7% in the third quarter. GSA Capital Partners LLP now owns 26,792 shares of the industrial products company’s stock valued at $1,976,000 after acquiring an additional 13,100 shares during the last quarter. Colony Group LLC acquired a new position in AGCO in the third quarter valued at approximately $2,457,000. California Public Employees Retirement System raised its position in AGCO by 7.0% in the third quarter. California Public Employees Retirement System now owns 253,879 shares of the industrial products company’s stock valued at $18,729,000 after purchasing an additional 16,516 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in AGCO by 213.1% in the third quarter. Cubist Systematic Strategies LLC now owns 9,646 shares of the industrial products company’s stock valued at $712,000 after purchasing an additional 6,565 shares during the period. Institutional investors own 82.59% of the company’s stock.

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About AGCO

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 (NYSE:AGCO)

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