DA Davidson Reaffirms “Buy” Rating for AGCO (NYSE:AGCO)

AGCO (NYSE:AGCO)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a report released on Thursday, Benzinga reports. They currently have a $151.00 price objective on the industrial products company’s stock. DA Davidson’s target price indicates a potential upside of 46.07% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of AGCO from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. JPMorgan Chase & Co. lowered their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $120.00 to $150.00 in a report on Monday, August 31st. Finally, Morgan Stanley reduced their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.92.

AGCO Price Performance

Shares of AGCO opened at $103.38 on Thursday. The stock has a market capitalization of $7.24 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.78 and a beta of 1.08. AGCO has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a 50 day moving average of $113.61 and a 200-day moving average of $115.01. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts forecast that AGCO will post 5.55 EPS for the current fiscal year.

Insider Transactions at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. This trade represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric P. Hansotia sold 2,604 shares of AGCO stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $129.75, for a total value of $337,869.00. Following the transaction, the chief executive officer owned 326,939 shares of the company’s stock, valued at $42,420,335.25. The trade was a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 497,622 shares of company stock valued at $57,461,807. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On AGCO

Several hedge funds have recently added to or reduced their stakes in AGCO. QRG Capital Management Inc. boosted its position in shares of AGCO by 13.6% during the second quarter. QRG Capital Management Inc. now owns 2,820 shares of the industrial products company’s stock valued at $338,000 after buying an additional 338 shares during the last quarter. MAC Alpha Capital Management LP lifted its stake in AGCO by 8.1% during the 2nd quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company’s stock valued at $3,652,000 after acquiring an additional 2,280 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in AGCO by 7.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 215 shares in the last quarter. Tidal Investments LLC boosted its holdings in AGCO by 2.4% during the 2nd quarter. Tidal Investments LLC now owns 28,035 shares of the industrial products company’s stock worth $3,356,000 after acquiring an additional 653 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in AGCO during the 2nd quarter worth $684,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.