AGCO (NYSE:AGCO) Stock Price Target Lowered at Oppenheimer

AGCO (NYSE:AGCO) had its price target cut by equities research analysts at Oppenheimer from $127.00 to $123.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective suggests a potential upside of 18.72% from the company’s current price.

Other research analysts also recently issued research reports about the company. Robert W. Baird raised AGCO from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $120.00 to $150.00 in a report on Monday, August 31st. Weiss Ratings upgraded AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Citigroup lowered their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. DA Davidson reissued a “buy” rating and set a $151.00 price target on shares of AGCO in a research report on Thursday, October 8th. Finally, Barclays dropped their price target on AGCO from $105.00 to $97.00 and set an “underweight” rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.92.

AGCO Stock Down 1.5%

Shares of AGCO stock traded down $1.61 during mid-day trading on Thursday, reaching $103.61. 78,253 shares of the company were exchanged, compared to its average volume of 839,164. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The business’s 50 day simple moving average is $113.97 and its 200 day simple moving average is $114.42. The company has a market capitalization of $7.26 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.79 and a beta of 1.08. AGCO has a fifty-two week low of $98.22 and a fifty-two week high of $143.78.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Research analysts predict that AGCO will post 5.55 earnings per share for the current year.

Insider Buying and Selling at AGCO

In related news, CEO Eric Hansotia sold 2,604 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $129.75, for a total value of $337,869.00. Following the sale, the chief executive officer owned 326,939 shares of the company’s stock, valued at approximately $42,420,335.25. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kelvin Bennett sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $132.89, for a total value of $132,890.00. Following the transaction, the senior vice president owned 14,047 shares of the company’s stock, valued at $1,866,705.83. This represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 497,622 shares of company stock worth $57,461,807. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in AGCO in the second quarter valued at $701,908,000. Bank of New York Mellon Corp bought a new position in shares of AGCO during the second quarter worth about $64,273,000. Bank of America Corp DE bought a new position in shares of AGCO during the second quarter worth about $62,281,000. Arrowstreet Capital Limited Partnership bought a new position in shares of AGCO during the first quarter worth about $19,577,000. Finally, Deutsche Bank AG acquired a new stake in shares of AGCO in the 2nd quarter worth about $17,653,000. 78.80% of the stock is owned by institutional investors and hedge funds.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.