AGCO Corporation (NYSE:AGCO) Receives Consensus Rating of “Hold” from Brokerages

AGCO Corporation (NYSE:AGCO) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $110.60.

Several equities analysts recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $123.00 price objective (down from $142.00) on shares of AGCO in a research note on Monday, November 3rd. Wells Fargo & Company started coverage on AGCO in a research note on Thursday, November 13th. They set an “equal weight” rating and a $114.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a research report on Monday, December 15th. Zacks Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of AGCO from $127.00 to $123.00 and set an “overweight” rating on the stock in a report on Friday.

Insider Buying and Selling

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $104.28, for a total transaction of $26,070.00. Following the sale, the senior vice president owned 17,130 shares in the company, valued at approximately $1,786,316.40. This represents a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.60% of the company’s stock.

Institutional Trading of AGCO

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in AGCO during the 1st quarter worth about $10,264,000. HighTower Advisors LLC raised its position in shares of AGCO by 3.2% in the first quarter. HighTower Advisors LLC now owns 8,630 shares of the industrial products company’s stock valued at $799,000 after buying an additional 271 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of AGCO by 23.5% during the first quarter. American Century Companies Inc. now owns 154,006 shares of the industrial products company’s stock valued at $14,256,000 after buying an additional 29,310 shares during the period. Raymond James Financial Inc. boosted its position in AGCO by 8.3% during the first quarter. Raymond James Financial Inc. now owns 195,122 shares of the industrial products company’s stock worth $18,062,000 after acquiring an additional 14,922 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in AGCO by 98.7% in the 1st quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 293 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Stock Down 0.7%

Shares of NYSE AGCO opened at $106.06 on Friday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. AGCO has a 52 week low of $73.79 and a 52 week high of $121.16. The firm has a 50-day moving average price of $106.31 and a 200 day moving average price of $107.68. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 0.61.

AGCO (NYSE:AGCO) last issued its earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. AGCO had a net margin of 3.73% and a return on equity of 9.36%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Equities research analysts anticipate that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.1%. AGCO’s dividend payout ratio is presently 23.06%.

AGCO Company Profile

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.