Somewhat Favorable Press Coverage Somewhat Unlikely to Impact AGCO (AGCO) Stock Price
Media headlines about AGCO (NYSE:AGCO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AGCO earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.1808808483273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- AGCO expands used equipment risk management offering – Agri News (agrinews-pubs.com)
- Barclays Begins Coverage on AGCO (AGCO) (americanbankingnews.com)
- Zacks: Analysts Expect AGCO Corporation (AGCO) Will Announce Quarterly Sales of $2.38 Billion (americanbankingnews.com)
- Goldman unveils sector-by-sector view for 2018 stock winners – Seeking Alpha (seekingalpha.com)
Shares of AGCO (AGCO) traded up $0.19 during mid-day trading on Thursday, hitting $72.17. 999,690 shares of the stock were exchanged, compared to its average volume of 642,660. AGCO has a 1 year low of $57.06 and a 1 year high of $75.58. The company has a market cap of $5,703.69, a PE ratio of 25.98, a PEG ratio of 1.80 and a beta of 0.83. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.
AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. AGCO had a net margin of 2.59% and a return on equity of 7.50%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. equities research analysts expect that AGCO will post 3.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, November 14th. AGCO’s payout ratio is 22.05%.
AGCO has been the topic of a number of research analyst reports. Deutsche Bank reissued a “buy” rating and set a $90.00 price objective (up from $88.00) on shares of AGCO in a research report on Thursday, September 21st. Jefferies Group reissued a “hold” rating and set a $75.00 price objective on shares of AGCO in a research report on Thursday, August 31st. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 price objective on shares of AGCO in a research report on Thursday, October 19th. UBS set a $72.00 price objective on shares of AGCO and gave the company a “hold” rating in a research report on Saturday, October 21st. Finally, BidaskClub downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $71.60.
In related news, SVP Robert B. Crain sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.60% of the company’s stock.
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AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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