Brokerages Set AGCO Corporation (NYSE:AGCO) Target Price at $123.09

Shares of AGCO Corporation (NYSE:AGCO) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $123.0909.

AGCO has been the subject of several research analyst reports. Truist Financial upped their target price on shares of AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a report on Monday, February 9th. Weiss Ratings upgraded shares of AGCO from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 14th. Robert W. Baird set a $128.00 price target on shares of AGCO in a research report on Friday, February 6th. Citigroup upped their price target on shares of AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Oppenheimer upped their price target on shares of AGCO from $132.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd.

AGCO Trading Down 0.7%

Shares of AGCO stock opened at $114.45 on Friday. The company has a fifty day simple moving average of $121.18 and a 200-day simple moving average of $114.54. AGCO has a 12-month low of $82.10 and a 12-month high of $143.78. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.84 and a beta of 1.16.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business posted $1.97 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities analysts forecast that AGCO will post 5.75 EPS for the current fiscal year.

AGCO Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $0.30 dividend. This is a positive change from AGCO’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s payout ratio is currently 12.31%.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the sale, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. This represents a 12.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of AGCO

Several institutional investors and hedge funds have recently bought and sold shares of AGCO. Cullen Frost Bankers Inc. raised its position in AGCO by 1,721.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in AGCO in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in 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 last quarter. SJS Investment Consulting Inc. raised its position in AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after buying an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in AGCO during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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.