Shares of AGCO Co. (NYSE:AGCO) have earned a consensus rating of “Hold” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $69.00.
A number of analysts have issued reports on the stock. TheStreet lowered shares of AGCO from a “b” rating to a “c+” rating in a research note on Thursday, June 21st. ValuEngine lowered shares of AGCO from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded shares of AGCO from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, July 3rd. Deutsche Bank reiterated a “buy” rating on shares of AGCO in a research note on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target on shares of AGCO in a research note on Friday, July 20th.
AGCO traded up $0.66 on Wednesday, hitting $61.16. The company had a trading volume of 738,300 shares, compared to its average volume of 726,068. The firm has a market cap of $4.78 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.72. AGCO has a 1 year low of $56.36 and a 1 year high of $75.95. The company has a current ratio of 1.42, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Wednesday, August 15th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. AGCO’s payout ratio is 19.87%.
Several hedge funds have recently added to or reduced their stakes in AGCO. BlackRock Inc. boosted its holdings in AGCO by 1.6% in the second quarter. BlackRock Inc. now owns 6,648,000 shares of the industrial products company’s stock valued at $403,667,000 after purchasing an additional 107,096 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in AGCO by 6.5% in the second quarter. Victory Capital Management Inc. now owns 2,844,955 shares of the industrial products company’s stock valued at $172,746,000 after purchasing an additional 173,818 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in AGCO by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,679,076 shares of the industrial products company’s stock valued at $162,673,000 after purchasing an additional 17,838 shares in the last quarter. AGF Investments Inc. boosted its holdings in AGCO by 10.7% in the second quarter. AGF Investments Inc. now owns 1,648,127 shares of the industrial products company’s stock valued at $100,074,000 after purchasing an additional 159,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in AGCO in the second quarter valued at approximately $84,249,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.
AGCO Company Profile
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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