Analysts Set AGCO Corporation (NYSE:AGCO) Target Price at $123.25

Shares of AGCO Corporation (NYSE:AGCO) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $120.3333.

Several equities analysts have issued reports on AGCO shares. DA Davidson set a $151.00 price target on shares of AGCO in a research report on Friday, July 31st. Wells Fargo & Company cut their price target on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. Finally, Morgan Stanley lowered their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently made changes to their positions in AGCO. EverSource Wealth Advisors LLC increased 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 valued at $29,000 after purchasing an additional 257 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of AGCO by 400.0% in the 2nd 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 during the period. Advisory Services Network LLC acquired a new position in shares of AGCO in the 3rd quarter worth approximately $33,000. Torren Management LLC bought a new stake in shares of AGCO in the 4th quarter valued at $35,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 190 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

Shares of AGCO stock opened at $103.78 on Monday. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.88 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $114.38 and its 200-day moving average price is $118.43. AGCO has a 12 month low of $99.21 and a 12 month high of $143.78.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities research analysts forecast that AGCO will post 5.63 EPS for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. AGCO’s dividend payout ratio is presently 16.60%.

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.