Analysts Set Agco Corp. (NYSE:AGCO) PT at $47.00
Agco Corp. (NYSE:AGCO) has been given an average rating of “Hold” by the fifteen analysts that are covering the firm. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.00.
A number of analysts have commented on AGCO shares. Zacks Investment Research raised shares of Agco Corp. from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, June 21st. JPMorgan Chase & Co. cut shares of Agco Corp. from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $47.00 to $44.00 in a report on Monday, June 27th. Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 target price on shares of Agco Corp. in a report on Tuesday, July 12th. Citigroup Inc. reduced their target price on shares of Agco Corp. from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, July 15th. Finally, Piper Jaffray Cos. cut shares of Agco Corp. from a “neutral” rating to an “underweight” rating and set a $37.00 target price for the company. in a report on Monday, July 25th.
Institutional investors have recently added to or reduced their stakes in the stock. Sii Investments Inc. WI acquired a new position in Agco Corp. during the second quarter valued at approximately $224,000. Seven Eight Capital LLC acquired a new position in Agco Corp. during the first quarter valued at approximately $226,000. Huntington Asset Advisors Inc. acquired a new position in Agco Corp. during the first quarter valued at approximately $231,000. Gratus Capital LLC acquired a new position in Agco Corp. during the second quarter valued at approximately $240,000. Finally, Boston Advisors LLC acquired a new position in Agco Corp. during the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 88.67% of the company’s stock.
Shares of Agco Corp. (NYSE:AGCO) opened at 49.32 on Thursday. Agco Corp. has a 12-month low of $42.40 and a 12-month high of $56.00. The stock’s 50 day moving average is $47.84 and its 200-day moving average is $49.83. The company has a market capitalization of $4.00 billion, a P/E ratio of 22.17 and a beta of 1.44.
Agco Corp. (NYSE:AGCO) last announced its earnings results on Thursday, August 4th. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.10. Agco Corp. had a net margin of 2.58% and a return on equity of 7.72%. The business earned $2 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Analysts anticipate that Agco Corp. will post $2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 1.05%. Agco Corp.’s dividend payout ratio (DPR) is currently 23.64%.
Agco Corp. Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems.
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