Stifel Nicolaus restated their hold rating on shares of AGCO Corporation (NYSE:AGCO) in a report issued on Wednesday morning. The brokerage currently has a $73.00 target price on the industrial products company’s stock.
A number of other research firms have also weighed in on AGCO. Deutsche Bank AG restated a buy rating and set a $86.00 price objective (down from $90.00) on shares of AGCO Corporation in a research note on Monday, October 9th. J P Morgan Chase & Co lowered shares of AGCO Corporation from a neutral rating to an underweight rating and set a $65.00 price target for the company. in a research note on Tuesday, October 10th. Bank of America Corporation lowered shares of AGCO Corporation from a neutral rating to an underperform rating and cut their target price for the company from $74.65 to $70.00 in a research report on Friday, October 13th. Zacks Investment Research downgraded shares of AGCO Corporation from a strong-buy rating to a hold rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of AGCO Corporation from a buy rating to a hold rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $69.07.
AGCO Corporation (NYSE AGCO) opened at $69.00 on Wednesday. AGCO Corporation has a twelve month low of $49.04 and a twelve month high of $75.58. The company has a current ratio of 1.51, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.72 and a beta of 0.82.
AGCO Corporation (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. AGCO Corporation had a net margin of 2.59% and a return on equity of 7.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.51 EPS. The company’s revenue was up 12.8% on a year-over-year basis. research analysts forecast that AGCO Corporation will post 3.04 earnings per share for the current year.
WARNING: “AGCO Corporation (AGCO) Earns “Hold” Rating from Stifel Nicolaus” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/04/agco-corporation-agco-earns-hold-rating-from-stifel-nicolaus.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 14th. AGCO Corporation’s dividend payout ratio (DPR) is 22.05%.
In other news, SVP Hans Bernd Veltmaat sold 750 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total value of $49,890.00. Following the transaction, the senior vice president now directly owns 68,552 shares in the company, valued at $4,560,079.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lucinda B. Smith sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the transaction, the senior vice president now owns 38,877 shares in the company, valued at $2,838,021. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in shares of AGCO Corporation by 29.6% in the third quarter. BNP Paribas Arbitrage SA now owns 139,589 shares of the industrial products company’s stock worth $10,297,000 after purchasing an additional 31,880 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of AGCO Corporation in the third quarter worth about $308,000. Oregon Public Employees Retirement Fund grew its holdings in shares of AGCO Corporation by 1.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 86,975 shares of the industrial products company’s stock worth $6,416,000 after purchasing an additional 1,028 shares during the last quarter. Tygh Capital Management Inc. bought a new position in shares of AGCO Corporation in the third quarter worth about $5,405,000. Finally, Gabelli Funds LLC grew its holdings in shares of AGCO Corporation by 42.9% in the third quarter. Gabelli Funds LLC now owns 10,000 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.
AGCO Corporation 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.
What are top analysts saying about AGCO Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AGCO Corporation and related companies.