AGCO (AGCO) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of AGCO (NYSE:AGCO) in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $73.00 price target on the industrial products company’s stock.

Several other equities analysts also recently commented on AGCO. Barclays initiated coverage on shares of AGCO in a research note on Tuesday, December 12th. They set an equal weight rating and a $75.00 price objective for the company. Goldman Sachs Group raised shares of AGCO from a neutral rating to a buy rating and set a $90.00 price objective for the company in a research note on Thursday, November 30th. Piper Jaffray Companies set a $68.00 price objective on shares of AGCO and gave the company a hold rating in a research note on Wednesday, November 1st. BidaskClub downgraded shares of AGCO from a buy rating to a hold rating in a research note on Monday, October 23rd. Finally, UBS Group set a $72.00 price objective on shares of AGCO and gave the company a hold rating in a research note on Saturday, October 21st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $71.60.

AGCO (AGCO) opened at $72.94 on Thursday. AGCO has a 1 year low of $57.44 and a 1 year high of $75.95. The stock has a market cap of $5,783.24, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 0.70.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. AGCO had a net margin of 2.59% and a return on equity of 7.50%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. analysts predict that AGCO will post 3.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 14th. AGCO’s dividend payout ratio is 22.05%.

In other AGCO news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. 16.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in AGCO by 2.5% in the second quarter. Legal & General Group Plc now owns 146,907 shares of the industrial products company’s stock worth $9,900,000 after purchasing an additional 3,540 shares during the last quarter. Clinton Group Inc. bought a new position in AGCO in the second quarter worth approximately $875,000. Engineers Gate Manager LP raised its position in AGCO by 465.4% in the second quarter. Engineers Gate Manager LP now owns 21,484 shares of the industrial products company’s stock worth $1,448,000 after acquiring an additional 17,684 shares during the period. Dai Ichi Life Insurance Company Ltd raised its position in AGCO by 8.6% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 34,046 shares of the industrial products company’s stock worth $2,294,000 after acquiring an additional 2,700 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in AGCO in the third quarter worth approximately $428,000. Hedge funds and other institutional investors own 82.92% 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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