AGCO (AGCO) Given New $75.00 Price Target at BMO Capital Markets

AGCO (NYSE:AGCO) had its price objective cut by research analysts at BMO Capital Markets from $85.00 to $75.00 in a report issued on Thursday. The brokerage currently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price target suggests a potential upside of 10.31% from the company’s current price.

AGCO has been the topic of a number of other reports. Bank of America downgraded shares of AGCO from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $74.65 to $70.00 in a report on Friday, October 13th. Zacks Investment Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $79.00 price objective on shares of AGCO in a report on Thursday, January 11th. Seaport Global Securities reaffirmed a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $73.00 target price on shares of AGCO in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $73.07.

AGCO (NYSE:AGCO) traded up $0.29 during midday trading on Thursday, hitting $67.99. 1,243,884 shares of the company traded hands, compared to its average volume of 834,998. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.37. The company has a market cap of $5,408.54, a price-to-earnings ratio of 29.31, a PEG ratio of 1.48 and a beta of 0.77. AGCO has a 1 year low of $58.00 and a 1 year high of $75.95.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. analysts anticipate that AGCO will post 3.71 EPS for the current year.

In other news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Invictus RG boosted its position in shares of AGCO by 265.9% during the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,061 shares in the last quarter. Hirtle Callaghan & Co LLC acquired a new position in AGCO in the 4th quarter valued at about $163,000. Tower Research Capital LLC TRC acquired a new position in AGCO in the 4th quarter valued at about $188,000. Toronto Dominion Bank raised its stake in AGCO by 240.4% in the 3rd 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 position in AGCO in the 3rd quarter valued at about $204,000. Institutional investors own 82.67% 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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