AGCO (NYSE:AGCO) Price Target Raised to $152.00

AGCO (NYSE:AGCO) had its target price raised by Truist Financial from $134.00 to $152.00 in a report issued on Monday morning, MarketBeat reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the company. Robert W. Baird set a $128.00 price objective on AGCO in a research note on Friday, February 6th. UBS Group reissued a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. Oppenheimer lifted their price objective on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Barclays upped their target price on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $122.73.

AGCO Stock Performance

Shares of AGCO stock opened at $138.45 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $111.77 and its two-hundred day moving average is $109.74. AGCO has a 52 week low of $73.79 and a 52 week high of $138.54. The company has a market capitalization of $10.33 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts expect that AGCO will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.8%. AGCO’s dividend payout ratio is presently 11.90%.

Institutional Trading of AGCO

A number of hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its position in shares of AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of AGCO during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 257 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of AGCO during the third quarter worth $33,000. 78.80% of the stock is 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.