AGCO Corporation (NYSE:AGCO) Stock Has Consensus Target Price of $123.67 According to Analysts

Shares of AGCO Corporation (NYSE:AGCO) have received a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $123.67.

Several brokerages recently commented on AGCO. Wall Street Zen downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research raised AGCO from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. JPMorgan Chase & Co. lifted their price objective on AGCO from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Weiss Ratings lowered AGCO from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Finally, Citigroup lowered their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd.

Insider Buying and Selling at AGCO

In related news, CEO Eric P. Hansotia sold 2,604 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the sale, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at approximately $42,420,335.25. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Torsten Dehner sold 15,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $112.50, for a total transaction of $1,687,500.00. Following the completion of the sale, the senior vice president directly owned 19,589 shares of the company’s stock, valued at approximately $2,203,762.50. This trade represents a 43.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,597 shares of company stock worth $3,721,969. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in AGCO by 5.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 94 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of AGCO by 2.0% during the 3rd quarter. Voya Investment Management LLC now owns 6,326 shares of the industrial products company’s stock worth $723,000 after acquiring an additional 121 shares in the last quarter. State of Wyoming boosted its stake in shares of AGCO by 8.6% during the 3rd quarter. State of Wyoming now owns 1,622 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of AGCO by 36.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 138 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of AGCO by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 13,000 shares of the industrial products company’s stock valued at $1,506,000 after acquiring an additional 155 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Trading Up 0.5%

AGCO opened at $111.93 on Wednesday. The business has a 50 day moving average of $113.44 and a 200-day moving average of $116.28. The stock has a market cap of $7.72 billion, a PE ratio of 19.93, a PEG ratio of 0.85 and a beta of 1.12. The company has a quick ratio of 0.55, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO has a 52 week low of $98.22 and a 52 week high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.18. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $1.35 EPS. AGCO’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts predict that AGCO will post 5.49 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 16th. AGCO’s payout ratio is 30.85%.

About AGCO

AGCO Corporation designs, manufactures and distributes agricultural equipment and technology for farmers around the world. Its products include tractors, combines, hay and forage equipment, sprayers, seeding and tillage equipment, grain storage systems, and precision agriculture solutions. The company’s brands include Fendt, Massey Ferguson, Valtra, and PTx, its precision agriculture business. AGCO was formed in 1990 and is headquartered in Duluth, Georgia. AGCO serves agricultural markets globally through a network of dealers and other distribution partners.