AGCO (NYSE:AGCO) Stock Keeps Buy Rating at DA Davidson

AGCO (NYSE:AGCO)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a report issued on Thursday, Benzinga reports. They currently have a $151.00 price objective on the industrial products company’s stock. DA Davidson’s price target would suggest a potential upside of 45.56% from the stock’s current price.

Other analysts have also issued research reports about the company. UBS Group lowered their target price on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $150.00 in a research report on Monday, August 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a research report on Friday, July 31st. Truist Financial upped their price objective on AGCO from $135.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Finally, Zacks Research upgraded AGCO from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, AGCO presently has an average rating of “Hold” and a consensus price target of $123.92.

AGCO Trading Up 0.4%

NYSE AGCO traded up $0.46 during trading on Thursday, hitting $103.74. The stock had a trading volume of 582,888 shares, compared to its average volume of 843,574. The company has a market capitalization of $7.27 billion, a PE ratio of 14.35, a PEG ratio of 0.78 and a beta of 1.08. 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 firm has a 50 day moving average price of $113.61 and a 200 day moving average price of $115.01. AGCO has a twelve month low of $98.22 and a twelve month high of $143.78.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. AGCO’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 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Ivory Harris sold 1,600 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the completion of the transaction, the senior vice president owned 14,454 shares of the company’s stock, valued at approximately $1,811,086.20. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kelvin Bennett sold 1,000 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $132.89, for a total value of $132,890.00. Following the transaction, the senior vice president owned 14,047 shares in the company, valued at $1,866,705.83. This represents a 6.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 497,622 shares of company stock valued at $57,461,807. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. increased its holdings 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 worth $338,000 after purchasing an additional 338 shares during the period. MAC Alpha Capital Management LP increased its holdings in shares of AGCO by 8.1% during the second quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company’s stock worth $3,652,000 after purchasing an additional 2,280 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of AGCO by 7.5% during the second quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 215 shares during the period. Tidal Investments LLC increased its holdings in shares of AGCO by 2.4% during the second quarter. Tidal Investments LLC now owns 28,035 shares of the industrial products company’s stock worth $3,356,000 after purchasing an additional 653 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of AGCO during the second quarter worth approximately $684,000. 78.80% of the stock is currently owned by institutional investors.

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.