Seaport Global Securities Analysts Raise Earnings Estimates for AGCO Co. (AGCO)

AGCO Co. (NYSE:AGCO) – Research analysts at Seaport Global Securities upped their Q3 2018 earnings per share estimates for AGCO in a report released on Thursday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will earn $0.92 per share for the quarter, up from their previous forecast of $0.86. Seaport Global Securities has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for AGCO’s Q4 2018 earnings at $1.36 EPS.

A number of other equities analysts also recently weighed in on the stock. BidaskClub raised shares of AGCO from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 price target on shares of AGCO in a research note on Thursday, January 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $73.00 price target on shares of AGCO in a research note on Thursday, December 21st. UBS Group reaffirmed a “neutral” rating on shares of AGCO in a research note on Friday, October 20th. Finally, Bank of America downgraded shares of AGCO from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $74.65 to $70.00 in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $72.60.

Shares of AGCO (AGCO) opened at $73.77 on Monday. The stock has a market capitalization of $5,868.36, a price-to-earnings ratio of 29.04, a PEG ratio of 1.50 and a beta of 0.83. AGCO has a 1-year low of $58.00 and a 1-year high of $75.95. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

AGCO (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 Zacks’ consensus estimate of $0.72 by $0.07. The company 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 for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share.

In other AGCO news, SVP Robert B. Crain sold 7,000 shares of the 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 available through this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Invictus RG increased its position in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,061 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new position in AGCO during the fourth quarter worth $163,000. BlueMountain Capital Management LLC acquired a new position in AGCO during the second quarter worth $165,000. Toronto Dominion Bank grew its position in shares of AGCO by 240.4% in the third quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 1,897 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of AGCO in the third quarter valued at about $204,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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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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