AGCO (NYSE:AGCO) Stock Price Target Cut by Oppenheimer

AGCO (NYSE:AGCO) had its price objective decreased by analysts at Oppenheimer from $127.00 to $123.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price points to a potential upside of 18.72% from the stock’s previous close.

A number of other brokerages have also issued reports on AGCO. DA Davidson reissued a “buy” rating and issued a $151.00 price objective on shares of AGCO in a report on Thursday, October 8th. UBS Group cut their target price on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Barclays reduced their price target on AGCO from $105.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday. Citigroup reduced their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Truist Financial increased their price target on AGCO from $135.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.92.

AGCO Stock Performance

Shares of NYSE:AGCO traded down $1.61 during trading hours on Thursday, hitting $103.61. The stock had a trading volume of 78,253 shares, compared to its average volume of 839,164. The stock’s fifty day simple moving average is $113.97 and its 200 day simple moving average is $114.42. AGCO has a 1-year low of $98.22 and a 1-year high of $143.78. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32.

AGCO (NYSE:AGCO) last released 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). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts anticipate that AGCO will post 5.55 earnings per share for the current fiscal year.

Insider Activity

In other AGCO news, CEO Eric Hansotia sold 2,604 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares in the company, valued at approximately $42,420,335.25. The trade was a 0.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kelvin Bennett sold 1,000 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $132.89, for a total transaction of $132,890.00. Following the sale, the senior vice president owned 14,047 shares in the company, valued at $1,866,705.83. This trade represents a 6.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 497,622 shares of company stock worth $57,461,807 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGCO. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of AGCO in the 2nd quarter worth approximately $1,239,000. The Manufacturers Life Insurance Company lifted its stake in AGCO by 27.0% during the first quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after purchasing an additional 26,862 shares during the last quarter. Corient Private Wealth LP boosted its holdings in AGCO by 21.5% during the second quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock worth $11,863,000 after buying an additional 17,562 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in AGCO during the second quarter worth approximately $2,216,000. Finally, Bank of America Corp DE boosted its holdings in AGCO by 19.4% during the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock worth $63,028,000 after buying an additional 88,571 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.