Shares of AGCO Co. (NYSE:AGCO) have been given an average rating of “Hold” by the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.82.
A number of research analysts have weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating on shares of AGCO in a research note on Monday, September 24th. UBS Group set a $63.00 price objective on shares of AGCO and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $70.00 price objective on shares of AGCO in a research note on Friday, July 20th. Finally, OTR Global lowered shares of AGCO to a “$60.18” rating in a research note on Wednesday, July 18th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AGF Investments America Inc. lifted its position in shares of AGCO by 1.7% during the third quarter. AGF Investments America Inc. now owns 53,529 shares of the industrial products company’s stock valued at $3,254,000 after purchasing an additional 882 shares in the last quarter. FDx Advisors Inc. increased its holdings in AGCO by 21.7% during the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock worth $333,000 after buying an additional 978 shares during the last quarter. NJ State Employees Deferred Compensation Plan increased its holdings in AGCO by 12.5% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 9,000 shares of the industrial products company’s stock worth $546,000 after buying an additional 1,000 shares during the last quarter. Olstein Capital Management L.P. increased its holdings in AGCO by 1.4% during the third quarter. Olstein Capital Management L.P. now owns 75,350 shares of the industrial products company’s stock worth $4,581,000 after buying an additional 1,010 shares during the last quarter. Finally, Northpointe Capital LLC increased its holdings in AGCO by 2.0% during the second quarter. Northpointe Capital LLC now owns 52,601 shares of the industrial products company’s stock worth $3,194,000 after buying an additional 1,030 shares during the last quarter. 86.15% of the stock is currently owned by institutional investors.
Shares of AGCO stock traded up $0.24 during trading hours on Thursday, reaching $58.50. The company’s stock had a trading volume of 409,909 shares, compared to its average volume of 811,010. AGCO has a one year low of $49.50 and a one year high of $75.95. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a current ratio of 1.42, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.
AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. AGCO had a net margin of 2.49% and a return on equity of 9.70%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts forecast that AGCO will post 3.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 14th. AGCO’s payout ratio is currently 19.87%.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
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