Analysts Set AGCO Co. (NYSE:AGCO) Target Price at $104.60

Shares of AGCO Co. (NYSE:AGCO) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $104.60.

A number of equities analysts recently weighed in on AGCO shares. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Citigroup boosted their price objective on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.

Hedge Funds Weigh In On AGCO

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 220 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of AGCO in the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new position in AGCO in the third quarter valued at about $29,000. UMB Bank n.a. lifted its position in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in AGCO during the fourth quarter worth about $33,000. 78.80% of the stock is owned by institutional investors.

AGCO Trading Up 0.3 %

Shares of NYSE:AGCO opened at $95.18 on Friday. The stock has a market capitalization of $7.10 billion, a PE ratio of -16.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The company’s 50-day moving average price is $98.75 and its two-hundred day moving average price is $96.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO has a one year low of $84.35 and a one year high of $125.76.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, equities analysts forecast that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.