News headlines about AGCO (NYSE:AGCO) have trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AGCO earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.0637739204765 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Battle to save GKN boosted as US customer comes out in support … – This is Money (thisismoney.co.uk)
- Agco launches apprenticeship program in Jackson, Minn. – Minneapolis Star Tribune (startribune.com)
- AGCO Co. (AGCO) Expected to Post Earnings of $0.13 Per Share (americanbankingnews.com)
- $1.86 Billion in Sales Expected for AGCO Co. (AGCO) This Quarter (americanbankingnews.com)
Shares of AGCO (NYSE AGCO) opened at $62.88 on Friday. AGCO has a twelve month low of $58.00 and a twelve month high of $75.95. The firm has a market capitalization of $5,286.43, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.43 and a beta of 0.82. The company has a current ratio of 1.37, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. equities analysts anticipate that AGCO will post 3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. This is a boost from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO’s dividend payout ratio (DPR) is currently 25.86%.
A number of equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on AGCO in a report on Friday, March 2nd. They issued an “underweight” rating and a $69.00 target price for the company. ValuEngine raised AGCO from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BMO Capital Markets dropped their target price on AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Credit Suisse Group dropped their target price on AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Finally, Bank of America dropped their target price on AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. AGCO currently has an average rating of “Hold” and a consensus price target of $72.80.
In other AGCO news, VP Richard Robinson Smith sold 1,316 shares of the stock in a transaction on Saturday, May 19th. The stock was sold at an average price of $54.05, for a total value of $71,129.80. Following the transaction, the vice president now directly owns 35,068 shares in the company, valued at approximately $1,895,425.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 4,385 shares of company stock valued at $268,581 over the last ninety days. Insiders own 16.60% of the company’s stock.
AGCO Company Profile
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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