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.
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.
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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