UBS Group Cuts AGCO (NYSE:AGCO) Price Target to $114.00

AGCO (NYSE:AGCO) had its price objective decreased by UBS Group from $123.00 to $114.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

AGCO has been the topic of a number of other research reports. Wall Street Zen downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. decreased their price target on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Truist Financial reiterated a “buy” rating and set a $135.00 price objective (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Citigroup cut their price objective on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Oppenheimer reduced their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $120.33.

AGCO Trading Down 2.2%

AGCO opened at $101.55 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.11 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08. The company has a fifty day moving average of $114.14 and a 200-day moving average of $118.36. AGCO has a twelve month low of $99.21 and a twelve month high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the business posted $1.35 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, sell-side analysts predict that AGCO will post 5.61 EPS for the current year.

AGCO Announces Dividend

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

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently bought and sold shares of AGCO. Capital World Investors grew its position in AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after buying an additional 1,815,741 shares during the period. Norges Bank bought a new stake in AGCO in the fourth quarter worth about $78,202,000. Bank of New York Mellon Corp bought a new stake in AGCO in the second quarter worth about $64,273,000. Invesco Ltd. boosted its stake in AGCO by 20.6% in the third quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock valued at $223,448,000 after acquiring an additional 356,560 shares during the last quarter. Finally, Davis Selected Advisers grew its position in shares of AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after acquiring an additional 235,913 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

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.