DA Davidson Upgrades AGCO (NYSE:AGCO) to Strong-Buy

AGCO (NYSE:AGCO) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Truist Financial boosted their price target on shares of AGCO from $152.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings lowered shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Morgan Stanley restated an “underweight” rating and set a $108.00 target price on shares of AGCO in a research report on Thursday, May 14th. Finally, Oppenheimer set a $134.00 target price on shares of AGCO in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $130.18.

AGCO Trading Up 1.1%

NYSE:AGCO opened at $114.54 on Friday. AGCO has a 12 month low of $99.21 and a 12 month high of $143.78. The company’s 50 day moving average is $115.23 and its 200-day moving average is $117.66. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.75 and a beta of 1.07.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.44 by $0.50. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Equities analysts anticipate that AGCO will post 6.04 EPS for the current year.

Insiders Place Their Bets

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Institutional Trading of AGCO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after buying an additional 257 shares during the period. Advisory Services Network LLC acquired a new position in shares of AGCO during the 3rd quarter worth about $33,000. Geneos Wealth Management Inc. raised its position in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 190 shares during the period. Torren Management LLC bought a new stake in AGCO in the fourth quarter valued at approximately $35,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 232 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.