Press coverage about AGCO Corporation (NYSE:AGCO) has trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AGCO Corporation earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- AGCO Corporation (NYSE:AGCO) Lifted to “B+” at TheStreet (americanbankingnews.com)
- AGCO Corporation 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- Louisiana State Employees Retirement System Raises Position in AGCO Corporation (AGCO) (footballhebdo.com)
- AGCO Corporation (AGCO) Lowered to “Buy” at BidaskClub (cromaplus.net)
- Financial Architects Inc Has $104000 Position in AGCO Corporation (AGCO) (cote-ivoire.com)
AGCO has been the topic of a number of analyst reports. Credit Suisse Group set a $60.00 target price on AGCO Corporation and gave the company a “hold” rating in a research report on Wednesday, April 12th. Seaport Global Securities raised their target price on AGCO Corporation from $57.00 to $61.00 and gave the company a “neutral” rating in a research report on Monday, May 1st. Bank of America Corporation upgraded AGCO Corporation from an “underperform” rating to a “neutral” rating in a research report on Monday, June 19th. BidaskClub upgraded AGCO Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Citigroup Inc. lifted their price objective on AGCO Corporation from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.73.
AGCO Corporation (AGCO) traded down 0.44% during mid-day trading on Friday, hitting $71.94. 461,525 shares of the stock traded hands. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 31.46 and a beta of 0.85. AGCO Corporation has a 12 month low of $46.22 and a 12 month high of $73.97. The stock’s 50 day moving average is $68.87 and its 200-day moving average is $63.86.
AGCO Corporation (NYSE:AGCO) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.11. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.08 billion. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. On average, equities research analysts anticipate that AGCO Corporation will post $2.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 11th. AGCO Corporation’s dividend payout ratio (DPR) is presently 24.56%.
In other AGCO Corporation news, SVP Lucinda B. Smith sold 5,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $64.00, for a total value of $320,000.00. Following the sale, the senior vice president now owns 40,977 shares of the company’s stock, valued at approximately $2,622,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Robinson Smith sold 2,037 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $63.91, for a total transaction of $130,184.67. Following the completion of the sale, the vice president now directly owns 41,717 shares in the company, valued at approximately $2,666,133.47. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.
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About AGCO Corporation
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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