Seaport Global Securities reaffirmed their hold rating on shares of AGCO (NYSE:AGCO) in a research report sent to investors on Thursday. Seaport Global Securities also issued estimates for AGCO’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $1.30 EPS, FY2018 earnings at $3.89 EPS and FY2019 earnings at $4.48 EPS.
Other analysts also recently issued reports about the stock. Goldman Sachs Group raised shares of AGCO from a neutral rating to a buy rating and set a $90.00 price objective on the stock in a report on Thursday, November 30th. Deutsche Bank reaffirmed a buy rating and issued a $86.00 price objective (down from $90.00) on shares of AGCO in a report on Monday, October 9th. BidaskClub raised shares of AGCO from a hold rating to a buy rating in a report on Thursday, September 28th. Barclays initiated coverage on shares of AGCO in a report on Tuesday, December 12th. They issued an equal weight rating and a $75.00 price objective on the stock. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $66.00 price objective on shares of AGCO in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $72.60.
AGCO (NYSE AGCO) traded up $0.18 during trading hours on Thursday, reaching $73.77. 677,404 shares of the company’s stock traded hands, compared to its average volume of 660,408. The stock has a market cap of $5,850.00, a P/E ratio of 29.04, a PEG ratio of 1.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 1.51. AGCO has a 12 month low of $58.00 and a 12 month high of $75.95.
In related news, SVP Robert B. Crain sold 7,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.60% of the company’s stock.
A number of large investors have recently bought and sold shares of AGCO. Invictus RG raised its position in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,061 shares during the period. Hirtle Callaghan & Co LLC acquired a new position in AGCO during the fourth quarter worth $163,000. BlueMountain Capital Management LLC acquired a new position in AGCO during the second quarter worth $165,000. Toronto Dominion Bank raised its position in AGCO by 240.4% during the third quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 1,897 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in AGCO during the third quarter worth $204,000. Institutional investors own 82.92% of the company’s stock.
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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