AGCO (NYSE:AGCO) had its price target trimmed by Bank of America from $70.00 to $64.00 in a research note published on Wednesday morning. The brokerage currently has an underperform rating on the industrial products company’s stock.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of AGCO from an underweight rating to a neutral rating in a research note on Wednesday. Seaport Global Securities reaffirmed a hold rating on shares of AGCO in a research note on Thursday, January 18th. Royal Bank of Canada reaffirmed a hold rating and issued a $79.00 price objective on shares of AGCO in a research note on Thursday, January 11th. Stifel Nicolaus reaffirmed a hold rating and issued a $73.00 price objective on shares of AGCO in a research note on Thursday, December 21st. Finally, Barclays began coverage on shares of AGCO in a research note on Tuesday, December 12th. They issued an equal weight rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $73.07.

Shares of AGCO (NYSE:AGCO) opened at $67.99 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.70. AGCO has a 12 month low of $58.00 and a 12 month high of $75.95. The company has a market cap of $5,430.00, a price-to-earnings ratio of 29.31, a PEG ratio of 1.47 and a beta of 0.77.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 EPS 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. sell-side analysts anticipate that AGCO will post 3.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.88%. AGCO’s dividend payout ratio is currently 24.14%.

In related news, SVP Robert B. Crain sold 7,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total transaction of $495,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 16.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. Invictus RG raised its holdings in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,061 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new position in AGCO during the fourth quarter worth $163,000. Tower Research Capital LLC TRC acquired a new position in AGCO during the fourth quarter worth $188,000. Toronto Dominion Bank raised its holdings in AGCO by 240.4% during the third quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock worth $198,000 after buying an additional 1,897 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in AGCO during the third quarter worth $204,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

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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.

Analyst Recommendations for AGCO (NYSE:AGCO)

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