AGCO Corporation (NYSE:AGCO) Given Consensus Rating of “Hold” by Brokerages

Shares of AGCO Corporation (NYSE:AGCO) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $111.80.

Several equities research analysts have commented on AGCO shares. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Wells Fargo & Company began coverage on shares of AGCO in a research report on Thursday, November 13th. They set an “equal weight” rating and a $114.00 target price for the company. UBS Group cut their price target on shares of AGCO from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Oppenheimer lifted their price target on shares of AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $127.00 to $123.00 and set an “overweight” rating for the company in a research report on Friday, December 19th.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the business’s stock in a transaction 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 transaction, the senior vice president directly owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its position in shares of AGCO by 1,721.4% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in AGCO in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its position in shares of AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after buying an additional 257 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of AGCO by 3,725.0% in the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after buying an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of AGCO in the third quarter worth $33,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Up 0.9%

Shares of AGCO opened at $112.17 on Thursday. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The company’s fifty day moving average is $106.43 and its two-hundred day moving average is $108.40. The firm has a market cap of $8.37 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 17.50 and a beta of 1.17. 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 released its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.48 billion. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Analysts forecast that AGCO will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.16 annualized dividend and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is 23.06%.

About AGCO

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.