AGCO Co. (AGCO) Given Average Rating of “Hold” by Brokerages
Shares of AGCO Co. (NYSE:AGCO) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $72.60.
A number of equities research analysts recently commented on AGCO shares. Deutsche Bank restated a “buy” rating and set a $90.00 price objective (up from $88.00) on shares of AGCO in a report on Thursday, September 21st. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price objective on shares of AGCO in a report on Thursday, October 19th. UBS Group set a $72.00 price objective on shares of AGCO and gave the stock a “hold” rating in a report on Saturday, October 21st. BidaskClub lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. lowered shares of AGCO from a “neutral” rating to an “underweight” rating and set a $65.00 price objective on the stock. in a report on Tuesday, October 10th.
In related news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is currently owned by company insiders.
AGCO (AGCO) traded up $0.88 on Friday, reaching $73.12. 581,700 shares of the company’s stock traded hands, compared to its average volume of 667,200. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $5,820.00, a price-to-earnings ratio of 28.79, a PEG ratio of 1.49 and a beta of 0.83. AGCO has a 12 month low of $58.00 and a 12 month high of $75.95.
AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. AGCO had a net margin of 2.52% and a return on equity of 8.20%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. research analysts forecast that AGCO will post 3.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 22.05%.
AGCO Company Profile
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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