Wall Street Zen Upgrades AGCO (NYSE:AGCO) to “Buy”

AGCO (NYSE:AGCO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

AGCO has been the subject of a number of other research reports. Wells Fargo & Company set a $132.00 price objective on shares of AGCO in a research report on Monday, February 9th. UBS Group restated a “neutral” rating and set a $127.00 target price on shares of AGCO in a research report on Friday, February 6th. BMO Capital Markets lifted their target price on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Truist Financial boosted their price target on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price objective on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.73.

AGCO Stock Down 2.9%

Shares of NYSE:AGCO opened at $123.83 on Friday. 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 company has a market capitalization of $8.97 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.88 and a beta of 1.13. AGCO has a 52-week low of $73.79 and a 52-week high of $143.78. The stock’s fifty day simple moving average is $121.68 and its 200-day simple moving average is $112.52.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, equities research analysts forecast that AGCO will post 4.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the transaction, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. This trade represents a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.90% of the stock is currently owned by corporate insiders.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. grew its holdings in AGCO by 520.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock valued at $3,833,000 after purchasing an additional 30,030 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in AGCO in the 3rd quarter worth $1,126,000. Neo Ivy Capital Management purchased a new position in AGCO in the 2nd quarter valued at about $817,000. Eisler Capital Management Ltd. purchased a new position in AGCO in the 2nd quarter valued at about $15,979,000. Finally, Level Four Advisory Services LLC grew its stake in shares of AGCO by 3.0% during the second quarter. Level Four Advisory Services LLC now owns 81,011 shares of the industrial products company’s stock valued at $8,357,000 after acquiring an additional 2,391 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Company Profile

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.