AGCO (NYSE:AGCO) Stock Rating Lowered by Wall Street Zen

AGCO (NYSE:AGCO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Oppenheimer boosted their target price on shares of AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Truist Financial raised their price target on shares of AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, BMO Capital Markets boosted their price objective on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average target price of $122.73.

AGCO Price Performance

Shares of AGCO stock opened at $137.76 on Friday. The stock’s 50-day moving average is $116.30 and its 200 day moving average is $111.07. AGCO has a 1-year low of $73.79 and a 1-year high of $143.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67. The company has a market cap of $9.97 billion, a P/E ratio of 14.13, a PEG ratio of 0.98 and a beta of 1.19.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the company posted $1.97 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts predict that AGCO will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the sale, the senior vice president owned 16,844 shares in the company, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently bought and sold shares of AGCO. Capital World Investors increased its position in shares of AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after buying an additional 1,815,741 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in AGCO by 78.7% during the second quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock valued at $201,755,000 after purchasing an additional 861,377 shares in the last quarter. Norges Bank purchased a new position in AGCO during the second quarter valued at $78,651,000. Massachusetts Financial Services Co. MA grew its position in shares of AGCO by 32.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock valued at $304,092,000 after purchasing an additional 700,558 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in shares of AGCO during the third quarter worth about $69,996,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.