AGCO (AGCO) – Research Analysts’ Weekly Ratings Changes

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A number of research firms have changed their ratings and price targets for AGCO (NYSE: AGCO):

  • 11/15/2019 – AGCO was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $82.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/14/2019 – AGCO was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $100.00 price target on the stock, up previously from $80.00.
  • 11/1/2019 – AGCO was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/30/2019 – AGCO had its price target raised by analysts at Morgan Stanley from $70.00 to $74.00. They now have an “underweight” rating on the stock.
  • 10/24/2019 – AGCO was downgraded by analysts at OTR Global to a “positive” rating.
  • 10/15/2019 – AGCO had its price target lowered by analysts at Citigroup Inc from $80.00 to $79.00. They now have a “neutral” rating on the stock.
  • 10/8/2019 – AGCO had its price target lowered by analysts at UBS Group AG from $81.00 to $79.00. They now have a “neutral” rating on the stock.
  • 10/2/2019 – AGCO was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of NYSE:AGCO traded down $0.82 during trading on Monday, hitting $79.31. The company’s stock had a trading volume of 5,107 shares, compared to its average volume of 496,267. The business has a 50 day moving average price of $75.69 and a two-hundred day moving average price of $73.24. The company has a market capitalization of $6.05 billion, a PE ratio of 20.39, a P/E/G ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 1.31. AGCO Co. has a fifty-two week low of $51.48 and a fifty-two week high of $81.39.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.21 billion. AGCO had a net margin of 3.42% and a return on equity of 12.26%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, equities analysts expect that AGCO Co. will post 5.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a yield of 0.81%. AGCO’s dividend payout ratio (DPR) is presently 16.45%.

In other news, VP Gary L. Collar sold 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $77.76, for a total value of $388,800.00. Following the completion of the sale, the vice president now directly owns 78,807 shares of the company’s stock, valued at $6,128,032.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew H. Beck sold 10,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $72.24, for a total transaction of $722,400.00. Following the completion of the sale, the chief financial officer now directly owns 138,218 shares of the company’s stock, valued at $9,984,868.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,000 shares of company stock valued at $2,612,600. 17.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised its holdings in AGCO by 4.8% during the second quarter. New York State Teachers Retirement System now owns 94,887 shares of the industrial products company’s stock worth $7,360,000 after purchasing an additional 4,306 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in AGCO by 8.7% during the second quarter. Stone Ridge Asset Management LLC now owns 30,089 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 2,400 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AGCO by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 870,039 shares of the industrial products company’s stock worth $67,488,000 after purchasing an additional 23,270 shares in the last quarter. GSA Capital Partners LLP purchased a new position in AGCO during the second quarter worth about $523,000. Finally, First Interstate Bank purchased a new position in AGCO during the second quarter worth about $61,000. 82.88% of the stock is owned by institutional investors and hedge funds.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.

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