Morgan Stanley Cuts AGCO (NYSE:AGCO) Price Target to $99.00

AGCO (NYSE:AGCO) had its price objective cut by Morgan Stanley from $110.00 to $99.00 in a report issued on Tuesday, Marketbeat.com reports. They currently have an underweight rating on the industrial products company’s stock.

AGCO has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded AGCO from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 price target on shares of AGCO in a research report on Friday, July 31st. UBS Group reissued a “neutral” rating and issued a $123.00 target price on shares of AGCO in a research report on Sunday, May 10th. Finally, Weiss Ratings downgraded AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $120.33.

AGCO Stock Performance

NYSE AGCO opened at $101.55 on Tuesday. The company has a 50-day simple moving average of $114.14 and a two-hundred day simple moving average of $118.36. AGCO has a 12-month low of $99.21 and a 12-month high of $143.78. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.85 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities analysts forecast that AGCO will post 5.61 EPS for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

Institutional Investors Weigh In On AGCO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simplicity Wealth LLC purchased a new position in shares of AGCO during the 2nd quarter valued at about $489,000. Global Retirement Partners LLC purchased a new stake in shares of AGCO during the 2nd quarter worth about $80,000. SCS Capital Management LLC purchased a new stake in shares of AGCO during the 2nd quarter worth about $239,000. Bank of New York Mellon Corp acquired a new stake in shares of AGCO during the 2nd quarter valued at about $64,273,000. Finally, State of Wyoming purchased a new position in shares of AGCO in the 2nd quarter valued at about $179,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.