UBS Group Analysts Give AGCO (AGCO) a $63.00 Price Target

UBS Group set a $63.00 target price on AGCO (NYSE:AGCO) in a research report released on Wednesday, www.stocktargetadvisor.com reports. The brokerage currently has a hold rating on the industrial products company’s stock.

AGCO has been the topic of a number of other research reports. TheStreet raised AGCO from a c+ rating to a b- rating in a report on Tuesday, July 31st. Deutsche Bank set a $79.00 target price on AGCO and gave the company a buy rating in a report on Wednesday, September 5th. ValuEngine lowered AGCO from a hold rating to a sell rating in a report on Tuesday, October 23rd. Credit Suisse Group lowered their target price on AGCO from $68.00 to $63.00 and set a neutral rating on the stock in a report on Wednesday, October 31st. Finally, Morgan Stanley lowered their target price on AGCO from $66.00 to $53.00 and set a sell rating on the stock in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $68.64.

AGCO stock traded down $2.15 on Wednesday, reaching $55.78. 1,033,638 shares of the company’s stock were exchanged, compared to its average volume of 810,015. AGCO has a twelve month low of $49.50 and a twelve month high of $75.95. The firm has a market capitalization of $4.61 billion, a PE ratio of 18.47, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.08. AGCO had a return on equity of 9.70% and a net margin of 2.49%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. AGCO’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that AGCO will post 3.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 15th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.08%. AGCO’s dividend payout ratio is currently 19.87%.

Several large investors have recently modified their holdings of the company. AGF Investments America Inc. lifted its position 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 valued at $3,254,000 after acquiring an additional 882 shares in the last quarter. FDx Advisors Inc. lifted its position in shares of AGCO by 21.7% in the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 978 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its position in AGCO by 12.5% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 9,000 shares of the industrial products company’s stock worth $546,000 after buying an additional 1,000 shares during the period. Olstein Capital Management L.P. lifted its position in AGCO by 1.4% during 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. Finally, Northpointe Capital LLC lifted its position in AGCO by 2.0% during the second quarter. Northpointe Capital LLC now owns 52,601 shares of the industrial products company’s stock worth $3,194,000 after buying an additional 1,030 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

About AGCO

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.

Recommended Story: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for AGCO (NYSE:AGCO)

Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit