Deutsche Bank set a $79.00 price objective on AGCO (NYSE:AGCO) in a research note released on Wednesday, Marketbeat reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the stock. OTR Global downgraded shares of AGCO to a $60.18 rating in a research report on Wednesday, July 18th. TheStreet upgraded shares of AGCO from a c+ rating to a b- rating in a research report on Tuesday, July 31st. Goldman Sachs Group downgraded shares of AGCO from a conviction-buy rating to a buy rating in a research report on Tuesday, May 8th. Zacks Investment Research upgraded shares of AGCO from a hold rating to a buy rating and set a $68.00 target price on the stock in a research report on Tuesday, July 3rd. Finally, ValuEngine upgraded shares of AGCO from a sell rating to a hold rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $71.00.

Shares of NYSE AGCO opened at $60.44 on Wednesday. The stock has a market cap of $4.79 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a 12-month low of $56.36 and a 12-month high of $75.95.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company posted $1.15 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. sell-side analysts forecast that AGCO will post 3.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Wednesday, August 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. AGCO’s dividend payout ratio (DPR) is presently 19.87%.

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. bought a new stake in shares of AGCO in the 2nd quarter valued at about $124,000. CHICAGO TRUST Co NA bought a new stake in shares of AGCO in the 1st quarter valued at about $207,000. Convergence Investment Partners LLC increased its stake in shares of AGCO by 1,586.6% in the 2nd quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 3,205 shares during the last quarter. Ostrum Asset Management bought a new stake in shares of AGCO in the 1st quarter valued at about $227,000. Finally, FDx Advisors Inc. increased its stake in shares of AGCO by 21.7% in the 2nd quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 978 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Analyst Recommendations for AGCO (NYSE:AGCO)

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