Wall Street Zen Upgrades AGCO (NYSE:AGCO) to Buy

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

AGCO has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Oppenheimer raised their price target on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $128.00 price target on AGCO in a research report on Friday, February 6th. Truist Financial upped their price objective on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, BMO Capital Markets increased their price objective on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.73.

AGCO Stock Performance

Shares of AGCO opened at $123.83 on Friday. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.91 and a beta of 1.13. AGCO has a 12 month low of $73.79 and a 12 month high of $143.78. The firm has a fifty day simple moving average of $121.68 and a 200 day simple moving average of $112.52. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the firm posted $1.97 EPS. The company’s revenue for the quarter 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 forecast that AGCO will post 4.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 16,844 shares in the company, valued at $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGCO

Large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in AGCO in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. SJS Investment Consulting Inc. increased its position in AGCO by 3,725.0% during the 3rd 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 period. Finally, Advisory Services Network LLC bought a new position in AGCO during the 3rd quarter worth $33,000. 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.