AGCO (NYSE:AGCO) PT Raised to $154.00 at Oppenheimer

AGCO (NYSE:AGCO) had its target price boosted by stock analysts at Oppenheimer from $153.00 to $154.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective points to a potential upside of 30.46% from the company’s previous close.

AGCO has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their target price on AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com cut AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Truist Financial started coverage on AGCO in a research note on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a research note on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.50.

AGCO Stock Performance

AGCO opened at $118.04 on Tuesday. The business has a fifty day simple moving average of $115.57 and a 200 day simple moving average of $117.13. The company has a market capitalization of $8.81 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. AGCO has a 1 year low of $105.77 and a 1 year high of $140.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.47 earnings per share. Research analysts expect that AGCO will post 13.03 EPS for the current year.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of AGCO by 278.0% during the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 139 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of AGCO during the 3rd quarter valued at $26,000. Rakuten Securities Inc. bought a new stake in shares of AGCO during the 4th quarter valued at $26,000. Legacy Financial Group LLC bought a new stake in shares of AGCO during the 3rd quarter valued at $27,000. Finally, BluePath Capital Management LLC bought a new stake in shares of AGCO during the 3rd quarter valued at $35,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Company Profile

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.