JPMorgan Chase & Co. Has Lowered Expectations for AGCO (NYSE:AGCO) Stock Price

AGCO (NYSE:AGCO) had its target price decreased by research analysts at JPMorgan Chase & Co. from $127.00 to $123.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.97% from the stock’s current price.

Several other analysts have also weighed in on the company. Citigroup decreased their target price on AGCO from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company initiated coverage on shares of AGCO in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $114.00 price target on the stock. Zacks Research lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research note on Monday, December 15th. Finally, Barclays downgraded shares of AGCO from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $116.00 to $93.00 in a report on Friday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.60.

AGCO Trading Down 0.7%

AGCO stock opened at $106.06 on Friday. AGCO has a 12-month low of $73.79 and a 12-month high of $121.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 0.73. The stock has a market capitalization of $7.91 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The firm has a 50 day simple moving average of $106.31 and a 200-day simple moving average of $107.68.

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

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were 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 $1,786,316.40. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is owned by corporate insiders.

Institutional Trading of AGCO

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

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.