Equities Analysts Issue Forecasts for AGCO Co.’s FY2018 Earnings (AGCO)

AGCO Co. (NYSE:AGCO) – Equities research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of AGCO in a report released on Thursday. Jefferies Group analyst S. Volkmann now expects that the industrial products company will post earnings of $3.75 per share for the year, up from their prior forecast of $3.50. Jefferies Group also issued estimates for AGCO’s FY2019 earnings at $4.25 EPS.

AGCO has been the subject of several other research reports. Deutsche Bank restated a “buy” rating and issued a $86.00 price target (down previously from $90.00) on shares of AGCO in a research report on Monday, October 9th. JPMorgan Chase & Co. downgraded shares of AGCO from a “neutral” rating to an “underweight” rating and set a $65.00 target price for the company. in a research report on Tuesday, October 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 target price on shares of AGCO in a research report on Thursday, October 19th. UBS Group set a $72.00 target price on shares of AGCO and gave the stock a “hold” rating in a research report on Saturday, October 21st. Finally, Zacks Investment Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. AGCO currently has an average rating of “Hold” and a consensus price target of $72.60.

Shares of AGCO (NYSE:AGCO) traded up $0.18 during trading hours on Monday, hitting $73.77. 677,400 shares of the company traded hands, compared to its average volume of 660,408. 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 stock has a market cap of $5,868.36, a P/E ratio of 29.04, a PEG ratio of 1.50 and a beta of 0.83. AGCO has a fifty-two week low of $58.00 and a fifty-two week high of $75.95.

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

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in AGCO by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the industrial products company’s stock valued at $246,000 after buying an additional 297 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in AGCO by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,971 shares of the industrial products company’s stock valued at $1,346,000 after buying an additional 298 shares during the last quarter. M&T Bank Corp grew its stake in AGCO by 11.3% in the 2nd quarter. M&T Bank Corp now owns 5,062 shares of the industrial products company’s stock valued at $342,000 after buying an additional 512 shares during the last quarter. Moon Capital Management LLC grew its stake in AGCO by 1.9% in the 4th quarter. Moon Capital Management LLC now owns 35,854 shares of the industrial products company’s stock valued at $2,561,000 after buying an additional 680 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in AGCO by 2.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,076 shares of the industrial products company’s stock valued at $2,577,000 after buying an additional 861 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

In other 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 transaction of $495,040.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 16.60% of the stock is currently owned by company insiders.

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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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