Stock analysts at Truist Financial assumed coverage on shares of AGCO (NYSE:AGCO – Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $142.00 price target on the industrial products company’s stock. Truist Financial’s price target indicates a potential upside of 21.94% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on AGCO from $142.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, December 4th. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Stifel Nicolaus decreased their target price on AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. Finally, Oppenheimer reissued an “outperform” rating and set a $153.00 target price on shares of AGCO in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.
Read Our Latest Stock Analysis on AGCO
AGCO Trading Up 0.4 %
AGCO stock opened at $116.45 on Thursday. AGCO has a twelve month low of $105.77 and a twelve month high of $140.46. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.30. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $115.61 and its two-hundred day simple moving average is $117.63.
AGCO (NYSE:AGCO – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the firm posted $4.47 earnings per share. AGCO’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts anticipate that AGCO will post 13.12 earnings per share for the current year.
Hedge Funds Weigh In On AGCO
Several institutional investors have recently bought and sold shares of AGCO. Quarry LP grew its stake in AGCO by 278.0% in the second quarter. Quarry LP now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 139 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new position in shares of AGCO in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. bought a new position in shares of AGCO during the 4th quarter worth approximately $26,000. Legacy Financial Group LLC bought a new position in shares of AGCO during the 3rd quarter worth approximately $27,000. Finally, BluePath Capital Management LLC purchased a new stake in AGCO during the third quarter valued at approximately $35,000. 75.39% of the stock is owned by hedge funds and other institutional investors.
About AGCO
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.
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Source: defenseworld.net
