AGCO Co. (AGCO) Given Consensus Rating of “Hold” by Analysts
AGCO Co. (NYSE:AGCO) has received an average recommendation of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.82.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. TheStreet upgraded shares of AGCO from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 target price on shares of AGCO in a research report on Friday, July 20th. Deutsche Bank reiterated a “buy” rating on shares of AGCO in a research report on Monday, September 24th. Finally, Zacks Investment Research lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Saturday, July 14th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ffcm LLC increased its stake in shares of AGCO by 18,269.0% in the third quarter. Ffcm LLC now owns 15,430 shares of the industrial products company’s stock worth $944,000 after buying an additional 15,346 shares during the period. AGF Investments America Inc. increased its stake in shares of AGCO by 1.7% in the third quarter. AGF Investments America Inc. now owns 53,529 shares of the industrial products company’s stock worth $3,254,000 after buying an additional 882 shares during the period. Olstein Capital Management L.P. increased its stake in shares of AGCO by 1.4% in the third quarter. Olstein Capital Management L.P. now owns 75,350 shares of the industrial products company’s stock worth $4,581,000 after buying an additional 1,010 shares during the period. SG Americas Securities LLC increased its stake in shares of AGCO by 1,170.4% in the third quarter. SG Americas Securities LLC now owns 211,851 shares of the industrial products company’s stock worth $12,878,000 after buying an additional 195,175 shares during the period. Finally, LSV Asset Management increased its stake in shares of AGCO by 2.6% in the third quarter. LSV Asset Management now owns 2,572,230 shares of the industrial products company’s stock worth $156,365,000 after buying an additional 64,829 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.
AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. AGCO had a net margin of 2.49% and a return on equity of 9.70%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the business posted $0.76 earnings per share. AGCO’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts anticipate that AGCO will post 3.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. AGCO’s payout ratio is 19.87%.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
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